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Durbin Reg Costs Big Banks More Than $8 Billion

| Credit Union Times

“The Durbin Amendment’s ultimate impact on small banks comes as a surprise given that there is nothing in the legislation that affects them. The most likely explanation for this drop is that the significant downward pressure on large bank interchange fees swept those charged by small banks down right along with them,” [Card Hub CEO Odysseas] Papadimitriou said.

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