Durbin Amendment - Electronic Payments Coalition

Swipe Fee Cap Would Come at a Cost to Data Security

Electronic Payments Coalition April 9, 2015 No Comments

A recent op-ed by Lyle Beckwith of the National Association of Convenience Stores argued that debit card interchange is unfairly high. But this argument ignores several key points. First, it’s…

Amex’s Loss in Court May Not Help Consumers

Electronic Payments Coalition February 24, 2015 No Comments

The evidence for such a pattern is well established: In 2010, Senator Richard J. Durbin, Democrat of Illinois, introduced the Durbin Amendment as part of the Dodd-Frank overhaul of the…

Regulation is Strangling America: It’s Time for Congress to Act

Electronic Payments Coalition January 30, 2015 No Comments

Congress should repeal the cap on the fees banks can charge on debit cards, under the Durbin Amendment to the Dodd-Frank financial regulation law; this has increased banking fees and…

Despite $1 Billion Annual Subsidy for Gas Retailers, Consumers Seeing No Relief at the Pump This Summer

Electronic Payments Coalition July 31, 2014 No Comments

Despite $1 Billion Annual Subsidy for Gas Retailers, Consumers Seeing No Relief at the Pump This Summer Payment Networks Voluntarily Capped Charges, But Retailers Pocketed Windfall Profits Washington, DC – July…

At Walgreen, Renouncing Corporate Citizenship

Electronic Payments Coalition July 1, 2014 No Comments

In 2010, he introduced as part of the Dodd-Frank Act the so-called Durbin Amendment — which some people called the Walgreen’s Amendment — limiting the fees that banks are allowed…

The consequences of the Durbin Amendment for American consumers

Electronic Payments Coalition June 5, 2014 No Comments

Most large retailers have seen significant cost reductions as a result of the Durbin Amendment, yet to date there is no evidence that those cost savings have been passed-through to…

Dodd-Frank’s Durbin Amendment Drives Up Costs on Memorial Day and Every Day

Electronic Payments Coalition May 27, 2014 No Comments

Over the Memorial Day weekend, the Big Retail lobby created a dubious driving distraction. The Merchants Payments Coalition, whose members include retail giants like Walmart and 7-Eleven, took out a…

Appeals court upholds Fed’s debit card fee limits

Electronic Payments Coalition March 21, 2014 No Comments

A U.S. appeals court upheld the Federal Reserve’s controversial rules for debit card “swipe fees” on Friday, disappointing merchants who had argued the charges were too high. Businesses pay the…

Retailers have themselves to thank for lower Christmas sales

Electronic Payments Coalition December 11, 2013 No Comments

According to a study recently released by the Coase-Sandor Institute for Law and Economics, the Durbin Amendment has had a net cost to consumers of between $22 and $25 billion…

Stopping the Spread of Bad Ideas

Electronic Payments Coalition November 6, 2013 No Comments

The problem arises when politicians intervene to regulate the interchange rates that retail merchants pay. Regulating payment card fees has political appeal to elected officials who are told by retailers…

Tag: Durbin Amendment

Swipe Fee Cap Would Come at a Cost to Data Security

Amex’s Loss in Court May Not Help Consumers

Regulation is Strangling America: It’s Time for Congress to Act

Despite $1 Billion Annual Subsidy for Gas Retailers, Consumers Seeing No Relief at the Pump This Summer

At Walgreen, Renouncing Corporate Citizenship

The consequences of the Durbin Amendment for American consumers

Dodd-Frank’s Durbin Amendment Drives Up Costs on Memorial Day and Every Day

Appeals court upholds Fed’s debit card fee limits

Retailers have themselves to thank for lower Christmas sales

Stopping the Spread of Bad Ideas

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