The 2011 Debit Issuer Study, commissioned by PULSE, finds that small debit card issuers, including community banks and credit unions, on average expect a 73 percent decrease in debit interchange revenue as a result of pending interchange fee rules. While these issuers with less than $10 billion in assets are exempt from the regulations proposed by the Federal Reserve Board, they are critical of the interchange cap and skeptical that the exemption will be effective.
More Resources
Government Barriers to Georgia’s Growth: How Dodd-Frank Price Controls Poach the Peach State’s Prosperity
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Studies/Reports
Moody’s Investor Service: New Debit Rules Hurt Banks and Reshape the Payment Processor Market
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Studies/Reports
Center-Right Groups Oppose Price Controls on Retailers and Banks
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Letters