ATR: New Study Shows Durbin Amendment is a Failure

Passed as part of the Dodd-Frank Act in 2010, the Durbin Amendment was touted as a measure to benefit America’s retail consumers. The goal of the Durbin Amendment was to reduce the costs of interchange fees that retail merchants pay for debit card transactions with the hope that those costs savings would be passed onto consumers. Roughly six years later however studies show consumer costs have not been reduced and also that retail merchants are less concerned with reduced fees and more with receiving benefits and flexibility in interchange transactions.

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