Durbin

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  In a First, Interchange Gained Federal Regulation

  By David Morrison, Claude R. Marx  |  December 18, 2011

  This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.

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  Bank of America Rattles a Hornet’s Nest

  By David Morrison  |  October 10, 2011

  The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.

• Retailers Launching 60-Day Campaign to Keep Durbin Amendment

  By Claude R. Marx  |  May 16, 2011

  The retailers are stepping up their defense of the Durbin Amendment and the interchange cap.

• Sen. Dick Durbin Reiterates Need For Interchange Reform

  By Claude R. Marx  |  May 5, 2011

  Majority whip, in speech Thursday, said credit union and small banks are "becoming part of big banking."

• Durbin Says ABA is Being Deceptive in Opposing Interchange Reform

  By Claude R. Marx  |  April 29, 2011

  Illinois senator asks ABA to back off from "massive lobbying effort."

• TCF Appeals for Another Chance on Debit Interchange Cap

  By David Morrison  |  April 27, 2011

  TCF National Bank, a major issuer of debit cards, has gone to a higher court to try again on blocking new cap.

• Durbin Defends Interchange Efforts in Sharp Rebuke to JPMorgan Chase’s Dimon

  By Claude R. Marx  |  April 13, 2011

  The Illinois Democrat tells CEO "you and your bank already are making money hand over fist."

• Debit Interchange Delay Effort Continues on Hill

  By Claude R. Marx  |  April 13, 2011

  Efforts to delay the implementation of the Federal Reserve’s debit interchange rule continued on Capitol Hill and at the grassroots level last week.