December 15, 2010 A Letter from Barney Frank to the Board of Governors of the Federal Reserve A letter from Senator Frank warning of the possible consumer harm which could result from interchange regulation. More
December 13, 2010 What retailers say: Retailers like accepting debit cards. They just want consumers to pay for them. More
December 9, 2010 Letter from 13 Senators to Mr. Bernanke A Letter from 13 Senators warning Mr. Bernanke of the potential consumer harm from interchange regulation. More
December 1, 2010 Filene Research Institute Report: Interchange Regulation: Implications for Credit Unions In Interchange Regulation: Implications for Credit Unions, author Adam Levitin builds on his previous research to dissect the Dodd- Frank Act and, in particular, the Durbin amendment affecting debt interchange. The report argues that the amendment will push down the approximately $17B in debit interchange paid to issuing financial institutions every year which will cause growing credit union debt and rising costs to consumers and institutions alike. More
June 8, 2010 “Don’t Change Interchange” by The Disclosures Protect your credit union’s debit card and contact Congress today! Please send messages to your federal legislators urging them to cosponsor S. 575 or H.R. 1081, and thanking those who have cosponsored the bills. Both bills call for the delay and study of the Federal Reserve’s new interchange rule, which will force added costs and fees onto credit union members (and non-members!) who use debit cards. More
June 2, 2010 ICLE: The Economics of Payment Card Interchange Fees and the Limits of Regulation This study by Todd J. Zywicki identifies both the theoretical and actual failings of such debit regulation. Payment cards are a secure, inexpensive, welfare-increasing payment mechanism largely unlike any other in history. Rather than increasing consumer welfare in any meaningful sense, interchange fee legislation represents an attempt by some merchants to shift costs away from their businesses and onto card issuing banks and cardholders. More
January 1, 2010 Hand Written Notes of Senator Durbin Senator Durbin’s last-minute hand written notes added to his amendment. More
March 29, 2009 Small biz benefits when accepting credit/debit Small business owners discussing the benefits of accepting credit and debit. More
April 15, 2024 EPC Statement & Timeline on Durbin, Marshall Weaponization of Government EPC Read Press Releases / Statements
April 11, 2024 CRS Report: “Unclear” Who Durbin-Marshall Credit Card Bill Benefits EPC Read Press Releases / Statements