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Thursday, August 8, 2013

Fitch: Court’s Interchange Decision Would Pressure Bank Revenues

According to Fitch, lowering debit-card fee caps has the potential to impact bank revenue by between $4.9 billion and $6.9 billion.

Last week, a Federal District judge overturned the Federal Reserve’s debt-card interchange rule, commonly known as the Durbin Amendment, suggesting a pre-transaction fee cap of between 7 cents and 12 cents.

Fitch noted that it “remains unclear whether merchants would be willing to pass on the savings to consumers through lower prices.”

Read the Fitch press release.

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