Posts Tagged ‘Durbin Amendment’

The Durbin Amendment Explained

Every time you swipe your debit card, you draw into the Durbin Amendment – a law that costs consumer an estimated $4 billion annually. The amendment, part of the 2010 Dodd-Frank law, sharply lowered debit card interchange fees — charges that stores pay banks when a customer makes a purchase. Supporters said the measure, sponsored […]

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