Friday, September 30, 2011

ABA Statement on Changing Landscape for Debit Cards

This afternoon Frank Keating, ABA President and CEO, commented on new recently announced bank fees.

“Recently a number of banks have announced new fees for bank services. Make no mistake about it – these fees are the direct result of government price fixing that has fundamentally altered the economics of offering a debit card. One prime culprit is the so-called “Durbin Amendment.””

Read full statement

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