Local - Electronic Payments Coalition

Big banks took $8B hit because of Durbin Amendment

Electronic Payments Coalition May 2, 2012 No Comments

The site’s 2012 Durbin Amendment Impact Study concludes that the law is costing large banks $8.06 billion and small banks $329.4 million annually. For the large banks — those with…

Banks roll out new fees after debit fees fail to fly

Electronic Payments Coalition February 18, 2012 No Comments

“Congress has to understand that, whenever you pass legislation such as the Durbin Amendment, all of us as consumers are going to pay for it,” said Alex Sanchez, chief executive…

Another twist in the fee fight

Electronic Payments Coalition January 14, 2012 No Comments

“In an odd twist that stems from the way swipe fees have been assessed, the new rule could prompt card issuers to raise fees on smaller purchases in order to…

Banks Wary of Change after Financial Reform

Electronic Payments Coalition January 6, 2012 No Comments

“Compliance costs will continue to make the banking business a tighter one, said Ward Wilson, Regional President of U.S. Bank of Minneapolis.”

Dispute over debit-card fees still simmers

Electronic Payments Coalition December 17, 2011 No Comments

“What’s still missing from the retailer argument is any clear evidence that cost savings are being passed along to consumers, as merchant lobbyists promised. Maybe that will come later. But…

A Democratic fix does economic harm

Electronic Payments Coalition December 13, 2011 No Comments

“Once again, government interference in the marketplace has had unintended bad consequences.”

The Durbin debit card dupe

Electronic Payments Coalition December 10, 2011 No Comments

“Will consumers ever see savings at the register from the Durbin Amendment? The prospects are bleak. It appears that, despite promises to the contrary, our nation’s big-box retailers have chosen…

Financial Overhaul Fiasco

Electronic Payments Coalition December 8, 2011 No Comments

“Recent Federal financial overhaul, designed to save businesses money on credit-card transactions, is back-firing.”

Will swipe fee cap translate to lower prices for shoppers?,”

Electronic Payments Coalition November 18, 2011 No Comments

“The consumers are getting ripped off. . . The consumers are getting screwed because Congress decided to give a windfall profit to the retailing industry.”

Mad at debit-card fees? Blame Congress

Electronic Payments Coalition October 21, 2011 No Comments

“Large retailers like the price caps. And some policymakers see banks as a convenient villain. If the price controls remain, the loser will be the average bank customer, who will…

Tag: Local

Big banks took $8B hit because of Durbin Amendment

Banks roll out new fees after debit fees fail to fly

Another twist in the fee fight

Banks Wary of Change after Financial Reform

Dispute over debit-card fees still simmers

A Democratic fix does economic harm

The Durbin debit card dupe

Financial Overhaul Fiasco

Will swipe fee cap translate to lower prices for shoppers?,”

Mad at debit-card fees? Blame Congress

Quick Links

Key Issues

Research