Durbin Will Quickly Establish Winners & Losers In Checking Accounts

Leonard, Christopher J.
April 2011
Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p8
Trade Publication
In this article, the author discusses the impact of the U.S. Federal Reserve's proposed Durbin Amendment regulation to the financial services industry affecting the checking account revenue. He refers financial institutions (FIs) having more than 10 billion dollar asset and consumers who will suffer additional fees as the losers of the amendment. He also suggests the development of FIs as the primary financial institution (PFI) to overcome the effect of the amendment.


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