The Durbin Amendment began with the best of intentions: it would take an overinflated charge that disproportionately impacts the poor and small businesses, and rein it in to reasonable levels. However, its end effect was to worsen conditions for both groups.
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
Small business opinion: Swipe fee changes doing little to help merchants
Washington Post
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Op-Ed
Retailers, gas stations pocketing money intended for consumers
Billings Gazette
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Op-Ed
Durbin Amendment’s Biggest Winner May Be KKR
The Street
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General