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Setting the Record Straight: New Analysis Demonstrates the Durbin Amendment Has Not Led to Consumer Savings or Employment Gains, Contrary to Retailer Claims
| Electronic Payments Coalition
The Electronic Payments Coalition (EPC) released a new analysis today that directly dispels inaccurate claims in a report frequently cited by merchant and retailer groups on the effects of the Durbin Amendment.
Retailer claims that the Durbin Amendment has benefited consumers and supported employment gains are based on a flawed study that relies on faulty assumptions. Independent data from the Federal Reserve verifies that merchants are the sole beneficiaries of interchange price caps, at the expense of both consumers and the financial industry.
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