All posts tagged: debit fees

New “Durbin Fee” on debit cards

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Economics / Education / Society & Culture

Several months ago I recall getting a letter from my bank, informing me that as a result of the Durbin Amendment to the “Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010” passed last year by the Democrat “supermajority,” I would no longer be getting rewards points for using my debit card. I looked up the amendment—which limits how much banks can charge other companies for debit transactions—and said to myself, “Wow, that’s really going […]