Beyond the Rhetoric: The Durbin Amendment Cuts Like a Knife

Washington Informer | March 14, 2012

“While this is another big windfall for the major merchants, it is devastating to small retailers. That is because debit card companies used to give merchants discounts on debit-card fees they pay on small transactions. But the Durbin Amendment placed an overall cap on the fees, and the banking industry has responded by eliminating the discounts.”

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