Client Alert

The Durbin Amendment: Consumer Payment Network Interchange Fees and Rules

July 15, 2010

Stanton R. Koppel

This StayCurrent bulletin addresses the impacts on payment card issuers and networks from the Dodd-Frank Acts provisions for regulation of interchange fees and other fees that financial institutions charge or pass on to retailers in connection with the acceptance of payment cards. Other provisions also prohibit certain network rules relating to merchants debit and credit card acceptance practices.

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