Durbin Amendment Countdown

Can Durbin Debit Rates Go Even Lower?

A new U.S District Court ruling could lead to major changes in debit card processing fees. On July 31, U.S District Judge Richard Leon swept aside the Federal Reserve’s 2011 implementation of the Durbin Amendment. Passed in 2010, this amendment to the Dodd-Frank law was intended to limit the upward trajectory of debit processing rates. According to Leon, the Fed’s…