Debit Card Interchange Fee Regulation: Some Assessments and Considerations
FRB Economic Quarterly, Vol. 98, No. 3, Third Quarter 2012, pp. 159-183
24 Pages Posted: 17 May 2013
The debit card interchange fee regulation introduced by the Durbin Amendment to the Dodd-Frank Act went into effect in October 2011. The regulation limits the maximum permissible interchange fee that a covered issuer can collect from merchants for a debit card transaction. In this article, we review the regulation's first-year impact on different players in the debit card market. We also discuss how the regulation may affect payments efficiency.
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