The Durbin amendment represents an ongoing $8 billion annual transfer from banks’ to retailers’ coffers, but new data confirm that consumers, community banks, and credit unions are the ones who suffer the most.
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
FIRST LOOK: BANK GROUP HITS RETAILERS ON DURBIN IMPACT
Politico Morning Money
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General
The Cure for the Banking Industry, Part IV: Why Dodd-Frank Is No Help
American Banker
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Op-Ed
You’ve Been Durbined!
PYMNTS.com
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Op-Ed