Frank: Durbin debit card fee provision likely to remain

Rep. Barney Frank (D-Mass.), chairman of the conference on the Wall Street bill, said Thursday a controversial provision restricting debit card fees would likely remain in the final legislation.

The provision would clamp down on fees that merchants pay debit card issuers, such as banks and credit unions. Senate Majority Whip Dick Durbin (D-Ill.) was the main sponsor of the provision in the Senate, which passed the measure on a bipartisan 64-33 vote.

Banks and credit unions have aggressively lobbied against the provision, which has the strong support of merchant and retail interest groups.

"With that very strong vote in the Senate, I don't think the House would try to resist that. Like everything else, it's going to be subject to some further amendment. But in the reality of trying to get in the bill, when you have 64 senators voting for something like after all the controversy, it's unrealistic to think it will go away."

Sen. Chris Dodd (D-Conn.) said there was strong support for the provision but that there could be "some modification."