The Durbin Amendment, passed as part of Dodd-Frank in 2010, established a government-imposed price control on interchange fees for debit cards. This cap has resulted in a massive transfer of income from consumers to retailers. In fact, according to a recently-conducted analysis using data from the Federal Reserve, since 2012, issuers have lost nearly $106 billion in interchange revenue — including an estimated $15.2 billion in 2020 alone.
[pdfviewer width="100%" height="750px" beta="true/false"]https://electronicpaymentscoalition.org/wp-content/uploads/2021/08/EPC-Cost-of-Durbin-Amendment-08.06.21.pdf[/pdfviewer]
