“Durbin blocked [the banks] by tacking a controversial amendment onto Dodd-Frank as it passed, capping the banks’ per transaction fees for credit and debit card purchases. BoA’s announced $5 fee was transparently an end run around the per-transaction requirements, but what are these guys supposed to do to generate some black ink?”
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How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
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Shoppers Unlikely To See Debit Card Discounts
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This Week In Credit Card News: Debit Fees And High-Yield Savings
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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