Who Really Wins When Government Controls Prices?

American Banker | June 15, 2012

Big-box retailers like Home Depot continue to rake in billions annually from the Durbin Amendment, while consumers don’t see savings they’ve been promised at the register.  At the same time, consumers face higher costs for bank services, an entirely predictable result as institutions adjust to a 45% reduction in revenue they used to provide low cost accounts, fight fraud and maintain the payments system.

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