“But consumers have not been spared anything as the Durbin Amendment has shifted $12 billion hand-over-fist to some of the nation’s wealthiest retailers, such as Walmart, Home Depot and Walgreens — firms that all lobbied for the price controls to fatten their own pocketbooks.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
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Dispute over debit-card fees still simmers
Arizona Republic
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Both the Merchants and the Fed Misread Durbin
American Banker
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Retailers have kept $825 million since the Durbin Amendment began
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