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Fed study: Durbin Amendment’s impact on debit card merchants is a mixed bag
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Banking, Consumer Protection
Monday, September 21, 2015
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How has the Durbin Amendment, which passed as part of the Dodd-Frank Act in 2010, affected merchants who accept debit cards for financial transactions? According to a study by the Federal Reserve Bank of Richmond, the regulation has had a mixed impact on the costs of accepting debit cards, the retail price of goods and services and restrictions on debit card use. Read on for details of the Fed’s findings.
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