When will it end?
As the battle between big banks and big retailers over interchange fees drags on, consumers, credit unions and mom-and-pop retailers are the victims as Congress injected itself into the fight.
When retailers lobbied Congress to impose price controls on interchange fees–promising to pass any resulting savings along to their customers in the form of lower prices–the result was the Durbin amendment, which was poorly designed and shoehorned into the federal Dodd-Frank Act.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
