Durbin Amendment - Electronic Payments Coalition

Banks Stand to Lose Billions as Court Slams Fed Swipe-Fee Rule

Electronic Payments Coalition August 1, 2013 No Comments

Madeline Aufseeser, a senior analyst with Boston-based consultancy Aite Group LLC, estimated that the Fed’s current implementation of the Durbin amendment has cost banks about half the $16 billion they…

U.S. District Court Decision Will Increase $6 Billion Windfall for Retailers under Durbin Amendment

Electronic Payments Coalition July 31, 2013 No Comments

The official press release of the coalition of trade associations that filed a friend-of-the-court brief. The coalition includes: Credit Union National Association; Independent Community Bankers of America; National Association of…

First, Do No (More) Harm

Electronic Payments Coalition July 22, 2013 No Comments

To fulfill its promise to promote consumer protection and fair competition, the Consumer Financial Protection Bureau must avoid two crucial errors. First, the bureau should follow the Hippocratic oath and…

Europe and the Price of Plastic

Electronic Payments Coalition July 18, 2013 No Comments

Memo to Brussels: There’s still no such thing as a free lunch, even if you use a credit card. Credit cards exist because they benefit everyone involved. Consumers like the…

PULSE Survey Finds Small-Asset Issuers Taking Losses From Durbin

Electronic Payments Coalition July 10, 2013 No Comments

A survey that covers almost half of U.S. debit traffic shows that small-asset debit card issuers are taking losses stemming from regulations implementing the Durbin Amendment. The 2013 Debit Issuer Study…

SAYEGH: Three years of Dodd-Frank’s broken promises

Electronic Payments Coalition May 30, 2013 No Comments

The Durbin Amendment to Dodd-Frank, which was introduced on the Senate floor at the behest of large retailers, with no hearings and little debate. It ordered the Federal Reserve Bank to fix the rates banks…

When Even Barney Frank Sings The Praises Of Free Markets, We Must Listen

Electronic Payments Coalition May 28, 2013 No Comments

As a result of the Durbin Amendment, which cost banks over $8 billion in the first year alone, consumers have witnessed the disappearance of free-checking accounts, and suffered an onslaught of…

The Durbin Amendment Turns Three

Electronic Payments Coalition May 17, 2013 No Comments

The amendment prevented banks from charging more than 24 cents per debit card transaction. Before Durbin, banks were charging roughly 44 cents per debit card transaction. In the aftermath of…

Margin calls

Electronic Payments Coalition February 15, 2013 No Comments

Clamping down on payday loans would make more sense if regulators had not made it harder for retail banks to serve low-income Americans. The Durbin amendment—passed as part of the…

The rising cost of travel-card rewards

Electronic Payments Coalition January 16, 2013 No Comments

After tinkering with their credit-card rewards programs for the past few years, banks are now placing renewed attention on travel cards. Experts say the moves are partly a response to…

Tag: Durbin Amendment

Banks Stand to Lose Billions as Court Slams Fed Swipe-Fee Rule

U.S. District Court Decision Will Increase $6 Billion Windfall for Retailers under Durbin Amendment

First, Do No (More) Harm

Europe and the Price of Plastic

PULSE Survey Finds Small-Asset Issuers Taking Losses From Durbin

SAYEGH: Three years of Dodd-Frank’s broken promises

When Even Barney Frank Sings The Praises Of Free Markets, We Must Listen

The Durbin Amendment Turns Three

Margin calls

The rising cost of travel-card rewards

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