TITLE

Debate Begins Over Fallout From Durbin

AUTHOR(S)
Johnson, Andrew
PUB. DATE
July 2011
SOURCE
Credit Union Journal;7/11/2011, Vol. 15 Issue 26, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the debate over the potential impact of the Durbin amendment to the Dodd-Frank Act of 2010 on small banks and credit unions in the U.S. It states that Visa Inc. and MasterCard Inc. has created services for merchants that identify which cards costs more to accept, relative to a settlement with the U.S. Justice Department on anti-competitive merchant practices. It says that the amendment prohibits retailers from discriminating the debit cards issued by small banks.
ACCESSION #
62995219

 

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