“It’s all too predictable, especially the complaints coming from the same politicians who supported the law that led to the imposition of the fee. What’s happened with BofA is a perfect example of the law of an unintended consequence that everyone should have seen coming every since Durbin proposed and Obama signed, as part of the massive Dodd-Frank legislation, a provision that imposed these new regulations on debit card interchange fees.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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General
Shoppers Unlikely To See Debit Card Discounts
Wall Street Journal
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This Week In Credit Card News: Debit Fees And High-Yield Savings
Forbes
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Congressional effort to cut debit card charges to retailers merely shifted them onto consumers
New York Daily News
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Op-Ed