How Are Free Checking Accounts Faring?
After the Federal Reserve placed a cap on debit interchange fees in 2011, there has been an increase in the availability of free checking accounts in the U.S....
Tag: Durbin Amendment
Legislating Retailer Utopia: The Interchange Saga Continues
A judge has struck down the cap on interchange fees, telling the Federal Reserve to lower it further. The retailers are rejoicing, but the decision is wrong....
What the Debit Card Interchange Fee Reform Has Achieved
The Durbin Amendment benefited the largest merchants and smaller banks, but consumers, especially the big-bank customers, will suffer through its consequences....
Credit Unions and Debit Interchange, New Year’s Edition
Credit unions and community banks have been unaffected by the debit interchange cap. Until they can prove otherwise - with hard data - they should stop whining....
The Double Standard of Debit Interchange Fees
Everywhere the FTC has looked, it has seen that small banks and credit unions have not suffered any adverse effects from the Durbin Amendment....