Barney Frank is probably not on many people’s list of favorite U.S. Representatives around here. However, it appears that he is taking the lead on cooperation with House Republicans as they try to alter a small provision of the Dodd-Frank Act that was passed over the summer. To be fair, Frank was never really supportive of the original provision, pushed by Dick Durbin in the Senate, on limiting fees that credit card companies and banks could charge merchants. The Bloomberg article also notes that,

“The interchange issue has created unorthodox battle lines in Congress, with some Republicans who side with large merchants voting for the rules, and Democrats, unconvinced by the argument, voting against.”


Despite this, it seems to be a good sign that a few things could actually be accomplished in the House over the next two years. Especially since Frank, usually considered one of the most liberal (if not one of the loudest, most obnoxious) Representatives in the House, is actually going out of his way to announce his willingness to work Republicans.

Comments