Overall, the report from Cornerstone Advisors recommended the following three items:

Merchants and any network that processes card transactions must be held accountable to a standard for fraud protection and data security.
The asset threshold tied to debit card transactions should be raised significantly.
Future credit card regulations should not be enacted because they harm both consumers and the banking system — with small, local community financial institutions suffering disproportionately given their much more limited resources.

The report stated those recommendations were based on "key lessons learned from the Durbin Amendment," which included the following:

All issuers of debit cards — including those under the $10 billion asset threshold — had significant negative revenue impacts.
Most financial institutions addressed revenue shortfalls through higher monthly fees and increased minimum balance requirements.
Consumers saw greatly reduced access to free checking, and the number of unbanked Americans spiked following the rollout of the Durbin Amendment.
All payment networks are not equal. Significant differences exist between single-message and dual-message networks that impact operation and fraud costs for issuers.
Card not present (CNP) fraud is growing faster than payments, and the cost to fight fraud is larger than reported figures.

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Interchange Legislation a 'Bad Idea' for CUs, Members & Businesses, Study Shows