By Keith Laing
"Beginning October 29th, transaction fees in DC will increase from $0.32 to $0.45 due to increased costs triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Durbin Amendment," the company wrote in the email.
Durbin said the parking company's argument was like "blaming a traffic cop for a driver’s decision to speed and drive recklessly.
"Instead of criticizing my efforts to stop Visa and MasterCard’s abusive fee increases, I urge you to instead join those efforts," Durbin said. "Your business and your customers will be better served if you do.”
The underlying Dodd-Frank law has been touted by President Obama and other Democrats as a safety net for consumers after the economic crisis of 2008. But Republicans have derided the measure as a burdensome set of regulations on business, and GOP presidential nominee Mitt Romney has pledged to repeal it.