Originally, the Durbin amendment called to cap so-called interchange fees banks charge retailers at 12 cents per transaction, but the Fed announced today that it would up that cap to 21 cents.

FORBES: Fed Gives In To Banks, Eases Debit Card Fee Proposal

New York's Senator-elect Hillary Clinton is leading the charge to pass a constitutional amendment that would abolish the Electoral College.

FORBES: Fact and Comment

Last week, the Senate passed an amendment sponsored by Senator Dick Durbin (D-Ill.) that could reduce interchange fees that credit card processors charge to merchants and allow stores to give customers discounts for paying with cash, check or debit cards.

FORBES: Senate Amendments Could Be Major Setbacks for Credit Card Issuers