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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.

Passed and signed into law in 2010, the legislation mandating the cap, colloquially known for its chief sponsor, Sen. Richard Durbin (D-Ill.), had been included relatively late in the process of drafting the Dodd-Frank package of financial industry regulatory reforms. Controversial from the start, the amendment mandated that debit card issuers of more than $10 billion in assets would have to live under the cap while those under $10 billion, including all but three credit unions, would be exempt from the cap.

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