Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /nas/content/live/epc1/wp-includes/functions.php on line 6121
Blame Obama and Durbin for New Bank Fees - Electronic Payments Coalition
Skip to content
Back

Blame Obama and Durbin for New Bank Fees

| US News & World Report

“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.”

Get the Latest Updates Delivered to Your Inbox

By submitting you agree to our Terms & Conditions