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Durbin Amendment Takes a Hit - Electronic Payments Coalition

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Durbin Amendment Takes a Hit

October 26, 2012 | Politico Morning Money

Banking industry opponents of the Durbin amendment limiting debit card swipe fees circulated this email from Parkmobile USA to DC-area clients: Beginning October 29, transaction fees in DC will increase from $0.32 to $0.45 due to increased costs triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Durbin amendment.