December 28, 2010 Debit Card Interchange Fees and Routing; Proposed Rule The Federal Register’s 2010 complete initial proposal for interchange regulation. More
December 23, 2010 Tower Bridge Advisors: Debit Card Interchange Fees and Routing This statement argues that the proposal to reduce the debit card interchange rate change usurps the market’s price setting mechanism. While the intent would seem to be to benefit both consumers and retailers by lowering the cost of business, price fixing virtually always leads to unintended consequences and likely will do so again in this case. Retailers, who will profit from the reduction in related debit card fees may choose to hold onto the gains as added profit or use the savings to lower product prices. They will probably do a combination of both. The net financial result is that consumers would save a little bit from retailers who pass through savings but will see increased banking fees necessary to offset to forced reduction in debit fees. Functionally, the action will force banks to move customers away from debit cards contrary to the strong trend in recent years of increased debit card use. More
December 17, 2010 Letter to Mr. Bernanke from Senator McCaskill A letter warning Mr Bernanke of interchange regulations potential harms to consumers and small businesses. More
December 16, 2010 Entandem Inc Statement Against Debit Regulation Entandem, Inc explains how debit regulation will harm small financial institutions by making services for consumers and retailers far more costly. More
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
February 4, 2025 EPC Statement – Government Credit Card Mandates Hurt Most Vulnerable Populations EPC Read Press Releases / Statements
January 28, 2025 The Facts & Consequences Supporters of Durbin-Marshall Don’t Want You To Know EPC Read Press Releases / Statements