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Bookmark or Share- How the Durbin Amendment Impacts Card Swipe Fees - Checkout.comWhat is the Durbin Amendment? The Durbin Amendment directs the Federal Reserve Board to regulate debit card interchange fees so that they are “reasonable and proportional to the cost incurred by the issuer with respect to the transaction.”
- Everything You Need to Know About the Durbin Amendment - FreshBooksThe Durbin Amendment is a law that was passed in 2010, as part of the Dodd-Frank Act. It’s technically known as Regulation II, part of 15 U.S. C. § 1693o-2. Illinois Senator Richard Durbin proposed the amendment late in the drafting process, so it’s now named after him.
- The Durbin Amendment: A Short Regulatory HistoryWhen he introduced the amendment, Sen. Richard Durbin (D–IL) argued that the fees were excessive and unfair, and they imposed a hidden tax on consumers and merchants.
- Durbin amendment - WikipediaThe Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing.
- Durbin Amendment: What It Is, How It Works, Impact - InvestopediaWhat Is the Durbin Amendment? The Durbin Amendment is a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act that limits transaction fees imposed upon merchants by debit card...
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