The debit interchange controls of the Durbin Amendment went into effect seven years ago Monday, and to mark the occasion the Electronic Payments Coalition issued its latest salvo in what appears to be a never-ending feud over that law. According to survey results released by the EPC, 52% of registered …

In the wake of a failed effort to repeal the Durbin Amendment this spring, many banks, networks, lobbying groups, and other repeal advocates are vowing to try again, as are the Congressmen who pushed the original repeal effort. But that doesn’t mean smaller banks, at least, are totally united behind …

By John Stewart @DTPaymentNews The Republican lawmakers who pushed a bill through the House of Representatives last week to radically reform the Dodd-Frank Act did so after abandoning a provision that would have repealed the Act’s Durbin Amendment. But they made it clear in floor debate on Thursday that they …

The decision to strip repeal of the Durbin Amendment from a Dodd-Frank overhaul bill puts a brake on the movement to get rid of the amendment’s debit card rules, but that may not necessarily be the end of the matter. Leading advocates for repeal vow to keep fighting, while a …

Two major retailer trade groups late Wednesday celebrated an apparent decision by Republican leaders in the House of Representatives to quash a provision that would have repealed the Durbin Amendment. The provision was part of the Financial Choice Act, a bill Congressional Republicans are pushing to overhaul the 2010 Dodd-Frank …

With Republicans in control of both the Senate and the House of Representatives, and a Republican in the White House, banks bigger than $10 billion in assets are licking their chops. That’s because their long campaign to get rid of the Durbin Amendment to the 2010 Dodd-Frank Act now actually …

Now that Republicans in the wake of the November 2016 elections control both houses of Congress as well as the White House, there is a distinct possibility that the Dodd-Frank Act, which Republicans have opposed since a then Democratic majority in Congress enacted the sweeping banking-reform law in 2010, could …

The Federal Reserve will leave the current interchange cap on debit card transactions in place, the agency announced this week as part of its biennial review of the regulation formally known as Regulation II, but commonly called the Durbin Amendment. The Fed’s controversial rule implementing the amendment in 2011 imposed …

By Kevin Woodward@DTPaymentNews The debate over the price merchants pay to accept credit cards may be about to intensify. A new report suggests that capping credit card interchange at 22 cents plus 30.5 basis points per transaction could cut $15 billion from the current total of $33 billion U.S. merchants …

Depending on your point of view, Sen. Richard Durbin, D-Ill., became either a hero or a villain in the payments business back in 2010 with his Durbin Amendment to the Dodd-Frank Act. Among other things, the amendment capped debit card interchange for large issuers, pleasing merchants and ruffling the feathers …