Tag: Durbin Amendment

Explore how the Durbin Amendment regulates debit card interchange fees, reducing costs for merchants while affecting revenue for banks, and shaping the payments landscape in the banking industry.

financial management, American Express data-driven, Durbin Amendment free checking

Durbin Amendment Update: No More Free Checking for the Poor

by PaymentsJournal

January 24, 2018

Free checking accounts, once a staple of consumer banking, are disappearing—especially for low-income individuals. The Durbin Amendment, initially introduced to ...