May 12, 2021

tl;dr - Impact of the Durbin Amendment’s Cap on Interchange Fees

Geoffrey A. Manne & Kristian Stout

Background... The Dodd-Frank Act of 2010 set price controls for debit-card interchange fees charged by banks with more than $10 billion in assets. Known colloquially as the “Durbin Amendment” after…

Financial Regulation

April 25, 2017

New ICLE study finds the Durbin Amendment still harms poorer Americans and small businesses

Geoffrey A. Manne

Today, the International Center for Law & Economics (ICLE) released a study updating our 2014 analysis of the economic effects of the Durbin Amendment to the Dodd-Frank Act. The new…

Antitrust & Consumer Protection

June 1, 2014

Price Controls on Payment Card Interchange Fees: The U.S. Experience

Geoffrey A. Manne & Julian Morris & Todd Zywicki

The Durbin Amendment to the Dodd-Frank financial reform legislation capped debit card interchange fees for banks with assets of $10 billion. Credit card and prepaid card interchange fees were not regulated.

Financial Regulation

June 2, 2010

THE ECONOMICS OF PAYMENT CARD INTERCHANGE FEES AND THE LIMITS OF REGULATION

Todd Zywicki

Summary Fresh off of the most substantial national liquidity crisis of the last generation and the enactment of sweeping credit card regulation in the form of the Credit CARD Act,…

Financial Regulation