TITLE

Durbin Will Quickly Establish Winners & Losers In Checking Accounts

AUTHOR(S)
Leonard, Christopher J.
PUB. DATE
April 2011
SOURCE
Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
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.
ACCESSION #
59797049

 

Related Articles

  • Pew Report Advises Curbing Fed Power. Hopkins, Cheyenne // American Banker;12/3/2009, Vol. 174 Issue 216, p16 

    The article discusses a regulatory reform report issued in late November 2009 by the Pew Economic Policy Group. According to the author the report recommends decreasing the authority of the U.S. Federal Reserve Board by stripping it of its bank regulatory status and creating a Financial Services...

  • Why the Sudden Rush To Simplify Disclosures? Finkle, Victoria // American Banker;8/17/2012, Vol. 177 Issue F332, p5 

    The article reports several large U.S. financial institutions including Bank of America, Capital One Bank, and Regions Financial have simplified or outlined their checking account fees disclosures for consumers, noting the ideas that they are promoting transparency in business and helping...

  • Frank Outlines Plan for Financial Services Regulation. Kaptur, Stacey // Credit Union Journal;2/9/2009, Vol. 13 Issue 6, p3 

    The article reports on House Financial Services Committee Chairman Barney Frank's plans under the restructuring of financial services regulation in the U.S. Representative Frank states that the split reforms of the system begins on assigning the systemic authority to the Federal Reserve Board,...

  • How the Fed Failed the U.S. on Swipe Fees. Beckwith, Lyle // American Banker;9/2/2015, Vol. 180 Issue 137, p0 

    The author examines the failure of the U.S. Federal Reserve's decision of lowering the fees in swiping debit cards. Topics covered include how the Fed was influenced by heavy bank lobbying in implementing the new law on debit cards and how a Richmond Fed study shows that only 10 percent of 420...

  • Warren, Sanders Pose Questions for the Next Fed Chair. Borak, Donna // American Banker;8/16/2013, Vol. 178 Issue F332, p155 

    The article offers information on an article published on the "Huffington Post" news website in which U.S. Senators Elizabeth Warren and Bernie Sanders answered questions regarding the next chairperson of the U.S. Federal Reserve. It is noted that Warren and Sanders would like the candidate to...

  • Fed's Focus on Economic Education Remains Strong.  // Financial Update;Jan-Mar2006, Vol. 19 Issue 1, p5 

    The article focuses on the efforts of the U.S. Federal Reserve System to promote economic and financial education for everyone. Financial institutions are bolstering their efforts to educate Americans about how the economy works and how they can effectively navigate the dynamic and innovative...

  • 2009 Annual Report Covers Tough Year in Banking.  // Financial Update;Jul-Sep2010, Vol. 23 Issue 3, p1 

    The article reports on the Federal Reserve Bank of Atlanta's 2009 Annual Report which explores the banking industry's performance in the Southeast region of the U.S. As reported, the report examines the role and work of financial regulators and supervisory changes undertaken by the Atlanta Fed...

  • Post-Crisis Use of Financial Market Data in Bank Supervision. Feldman, Ron; Schmidt, Jason // Region (10453369);Oct2012, Vol. 26 Issue 1, p5 

    The article examines the use of financial market information as an input into the supervision of financial institutions in the U.S. It reviews a specific U.S. Federal Reserve proposal that would formally use certain types of market data to identify large banks requiring additional supervision. A...

  • Fed Releases Stress Test Instructions for Big Banks. Borak, Donna // American Banker;11/13/2012, Vol. 177 Issue 174, p2 

    The article announces that the Federal Reserve Board has issued instructions to financial institutions concerning the annual stress test exercise.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics