Senate Majority Whip Dick DurbinRichard (Dick) Joseph DurbinLet's stop treating student borrowers like second-class citizens Trump's immigration push faces Capitol Hill buzzsaw Hillicon Valley: Trump takes flak for not joining anti-extremism pact | Phone carriers largely end sharing of location data | Huawei pushes back on ban | Florida lawmakers demand to learn counties hacked by Russians | Feds bust 0M cybercrime group MORE (D-Ill.) took to the Senate floor Thursday to respond to a Wall Street Journal editorial, published the same day, that attacked Durbin’s plan to set swipe fees on debit card transactions as unnecessary government interference in business.

“There is no free-market system when it comes to interchange fees imposed by these duopolies, Visa and MasterCard,” Durbin said. “You would think that even the Wall Street Journal, this bastion of conservatism and defender of the free market, would acknowledge the obvious.”

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Durbin was referring to the interchange fee amendment legislation he sponsored that passed as part of the Dodd-Frank financial regulatory reform bill last year. The law would fix the swipe fee imposed by banks and credit card companies on businesses at a number set by the Federal Reserve.

The rule has not yet been implemented, but a preliminary study from the Fed indicated that the price would be moved from around 40 cents to 12 cents per transaction.

The Journal piece, titled “Debit Card Debacle,” called Durbin’s law “another mess to clean up from the 111th Congress.”

“The loss of that revenue will force debit card issuers to raise fees elsewhere to compensate,” the editorial said.

The editorial appeared in the wake of an effort launched Tuesday by a bipartisan coalition of senators that would prevent Durbin’s law from being immediately enacted.

The Debit Interchange Fee Study Act would suspend implementation of the proposed rule for two years and calls for a one-year study of debit interchange fees.

“The federal government shouldn’t be telling private companies what they can charge for goods and services; that’s price fixing, and that’s exactly what the Durbin amendment does,” said Sen. Bob CorkerRobert (Bob) Phillips CorkerCorker: 'I just don't' see path to challenge Trump in 2020 Ex-GOP Sen. Corker: Trump primary would be 'good thing for our country' Pollster says Trump unlikely to face 'significant' primary challenge MORE (R-Tenn.), a member of the Senate Banking Committee. “The hastily passed Durbin amendment will have numerous unintended consequences for debit card users.”

The legislation, S. 575, is sponsored by Sens. Corker, Jon TesterJonathan (Jon) TesterGOP angst grows amid Trump trade war Overnight Defense — Presented by Huntington Ingalls Industries — Pentagon approves transfer of .5B to border wall | Dems blast move | House Dem pushes Pelosi to sue over Trump's Yemen veto Pentagon approves transfer of .5B to Trump border wall from Afghan forces, other accounts MORE (D-Mt.), Jon Kyl (R-Ariz.), Ben Nelson (D-Neb.), Tom CarperThomas (Tom) Richard CarperOvernight Energy: EPA watchdog finds Pruitt spent 4K on 'excessive' travel | Agency defends Pruitt expenses | Lawmakers push EPA to recover money | Inslee proposes spending T for green jobs Lawmakers take EPA head to task for refusing to demand Pruitt repay travel expenses Dems request investigation of lobbyist-turned-EPA employee who met with former boss MORE (D-Del.), Pat RobertsCharles (Pat) Patrick RobertsThe Hill's 12:30 Report: Tough questions await Trump immigration plan Pat Robertson: Alabama 'has gone too far' with 'extreme' abortion law Pat Robertson on if Equality Act passes: The land will 'vomit you out' MORE (R-Kansas), Chris CoonsChristopher (Chris) Andrew CoonsMnuchin says carbon capture tax credit guidance will be out soon Mnuchin signals administration won't comply with subpoena for Trump tax returns Menendez, Rubio lead Senate effort to regulate Venezuelan sanctions MORE (D-Del.), Mike LeeMichael (Mike) Shumway LeeFrustrated GOP senators want answers from Trump on Iran Congress can expand paid leave and help workers save with bipartisan support Export-Import Bank back to full strength after Senate confirmations MORE (R-Utah), and Pat Toomey (R-Pa.).

“Mr. Durbin pitched his bill as pro-consumer but it was really an attempt to rob banks and debit-card issuers in order to pay off his campaign check writers in the retail industry,” the editorial said. “As usual, the little guy is getting trampled.”

Durbin shot back that the Journal is the one that doesn't care about the little guy.

“I don't know if the Wall Street Journal would be viewed by any as a great pro-consumer magazine,” said Durbin. “How often would you turn to the Wall Street Journal to find out who is going to stand up for the little guy in America? Almost never.”