Skip to content

Dodd-Frank’s Not So Happy Anniversary

| Powerline

Before Dodd-Frank, 75% of banks offered free checking. Two years after it passed, only 39% did so—a trend various scholars have attributed to Dodd-Frank’s “Durbin amendment,” which imposed price controls on the fee paid by retailers when consumers use a debit card.

Get the Latest Updates Delivered to Your Inbox

By submitting you agree to our Terms & Conditions