Durbin wins battle to pass 'interchange fee' legislation, 64-33

The Senate on Thursday passed controversial legislation clamping down on fees that card issuers charge merchants, handing Senate Majority Whip Dick DurbinDick DurbinTrump's FBI nominee passes committee, heads to full Senate Report: Republican says Trump doesn’t even scare Senate pages Graham, Durbin revive bill to help 'Dreamers' MORE (D-Ill.) a major victory.

As part of debate on Wall Street overhaul, the Senate passed, 64-33, legislation championed by Durbin that drew significant Republican support. Ten Democrats opposed the legislation, while 17 Republicans crossed the aisle to support a bill that aims to rein in fees placed on debit cards.

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Durbin earlier on Thursday railed on the bank lobby for opposing the legislation. The Independent Community Bankers of America, Credit Union National Association and National Association of Federal Credit Unions (NAFCU) loudly opposed Durbin's measure.

"It is a shame that their attempt at getting back at big banks and large credit card companies has spilled over to credit unions and community banks," said Dan Berger, executive vice president at NAFCU. "This will do nothing for consumers but go straight to the bottom line of the big box stores and giant retailers."

Durbin overcame the lobbying to pass legislation that requires the Federal Reserve to issue rules on swipe fees for debit cards to ensure fees are "responsible and proportional" to processing costs. The legislation does not ban swipe card fees. Durbin had won strong backing from merchant and retail groups. Durbin said the restrictions would not apply to banks and credit unions with $10 billion or less in assets.

"It wasn't introduced as a partisan amendment," Durbin said Thursday before the vote. "I brought this because it is a small business, retail amendment that I think is valid and just."

Rep. Peter WelchPeter WelchDem leaders amp up calls for bipartisan ObamaCare fixes A bipartisan consensus against 'big pharma' is growing in Congress Dems push leaders to talk less about Russia MORE (D-Vt.), who is a strong supporter of efforts to rein in card fees, praised the Senate vote.

"This momentous, overwhelming vote sends an unambiguous message to credit card companies that the American people have had enough of swipe fees and have had enough of cash register rip-offs," Welch said.

Senate Democrats opposing the amendment were: Daniel Akaka (Hawaii), Max BaucusMax BaucusOPINION | On Trump-Russia probe, don’t underestimate Sen. Chuck Grassley Lawmakers: Leave advertising tax break alone GOP: FBI firing won't slow agenda MORE (Mont.), Evan Bayh (Ind.), Tom CarperTom CarperGovernors-turned-senators meet to talk healthcare Overnight Healthcare: GOP'S repeal-only plan quickly collapses in Senate Dem leaders amp up calls for bipartisan ObamaCare fixes MORE (Del.), Tim JohnsonTim JohnsonCourt ruling could be game changer for Dems in Nevada Bank lobbyists counting down to Shelby’s exit Former GOP senator endorses Clinton after Orlando shooting MORE (S.D.), Ted Kaufman (Del.), Claire McCaskillClaire McCaskillGOP rep declines Senate bid challenging McCaskill Vulnerable senators raise big money ahead of 2018 Trump education official: Parties usually 'both drunk' in campus sexual assault cases MORE (Mo.), Jon TesterJon TesterVulnerable senators raise big money ahead of 2018 'Kate's Law' battle shifts to the Senate, testing Dems Democrats go in for the kill on ObamaCare repeal MORE (Mont.) and Mark WarnerMark WarnerJuan Williams: Trump's war on U.S. intelligence Questions grow over Kushner’s security clearances Controversy over Trump Jr. meeting shows no signs of losing steam MORE (Va.). Sen. Joe Lieberman (I-Conn.) also opposed the legislation.

Senate Republicans supporting Durbin's bill were: John Barasso (Wyo.), Scott Brown (Mass.), Richard BurrRichard BurrOvernight Cybersecurity: State Department reportedly eliminating cyber office | Senate Intel chief avoids White House during Russia probe | Dem pushes 'ethical hacking' resolution Trump to GOP senators: Cancel your recess The Hill's 12:30 Report MORE (N.C.), Saxby ChamblissSaxby ChamblissFormer GOP senator: Let Dems engage on healthcare bill OPINION: Left-wing politics will be the demise of the Democratic Party GOP hopefuls crowd Georgia special race MORE (Ga.), Susan CollinsSusan CollinsRand Paul opens door to backing healthcare bill on key hurdle The Memo: Trump tries to bend Congress to his will Conservative group to give GOP healthcare holdouts ‘Freedom Traitors Award’ MORE (Maine), Mike CrapoMike CrapoGOP lawmakers introduce measures to repeal consumer bureau arbitration rule Senate Banking leaders introduce flood insurance bill Overnight Regulation: Senate Banking panel huddles with regulators on bank relief | FCC proposes 2M fine on robocaller | Yellowstone grizzly loses endangered protection MORE (Idaho), John Ensign (Nev.), Mike EnziMike EnziTrump reopens fight on internet sales tax Rift opens in GOP over budget strategy GOP chairman wants 'robust' tax reform process in the Senate MORE (Wyo.), Lindsey GrahamLindsey GrahamSenate panel rejects Trump funding cuts on Energy Department programs The Hill's 12:30 Report McCain diagnosis looms over GOP healthcare talks MORE (S.C.), Charles GrassleyChuck GrassleyFeinstein: Trump Jr. will be subpoenaed if he refuses to testify The next battle in the fight against human trafficking The Hill's 12:30 Report MORE (Iowa), Johnny IsaksonJohnny IsaksonTrump labor board nominees advance in Senate Trump to GOP senators: Cancel your recess Let’s not roll back bipartisan progress on global food security MORE (Ga.), George LeMieux (Fla.), Richard Lugar (Ind.), Jim RischJim RischBipartisan push to prioritize cyber advice for small businesses Five questions after Comey’s testimony Comey delivers dramatic rebuke of Trump MORE (Idaho), Olympia Snowe (Maine), David VitterDavid VitterOvernight Energy: Trump set to propose sharp cuts to EPA, energy spending Former La. official tapped as lead offshore drilling regulator Former senator who crafted chemicals law to lobby for chemicals industry MORE (La.) and Roger WickerRoger WickerTrump Navy secretary nominee moves forward to Senate vote 355-ship Navy not a must under Trump's secretary nominee GOP senator: 'Everybody wants to get to yes' on healthcare MORE (Miss.).

Sens. Robert Byrd (D-WVa.), Kay Bailey Hutchison (R-Texas) and Bill NelsonBill NelsonGore wishes Mikulski a happy birthday at 'Inconvenient Sequel' premiere Honda recalls 1.2 million cars over battery fires Vulnerable senators raise big money ahead of 2018 MORE (D-Fla.) did not vote.

"This amendment helps big merchants, but consumers will pay the price," MasterCard said in a statement.