Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, June 20, 2016

ABA, Trades Support Durbin Repeal

ABA and several other trade groups wrote to House leaders last week in support of H.R. 5496, introduced by Rep. Randy Neugebauer (R-Texas) to repeal the interchange fee price controls imposed by the Durbin amendment.

The groups said,
The Durbin amendment was included as a last-minute addition to the Dodd-Frank Wall Street Reform Act with the intent that retailers would pass along an estimated $8 billion in savings per year to debit customers in the form of lower prices. Retailers promised they would pass any savings from the Durbin amendment on to their customers, but almost six years since the amendment was passed, it is clear customers have seen no relief at the register.

Read the letter.

No comments:

Post a Comment

Please read our comment policy before making a comment.