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F Banking & Financial Services

Banking & Financial Services Issues

THE DURBIN AMENDMENT TURNS THREE

May 15, 2013 J

Jason Hughey Monday marked the three-year anniversary of the Senate’s passage of the Durbin Amendment as an attachment to the Dodd-Frank Act of 2010.  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 the [...]