Latest Study -- October, 2013:
The Costs and Benefits of Half a Loaf:
The Economic Effects of Recent Regulation of
Debit Card Interchange Fees
By Robert J. Shapiro
The ultimate benefits and costs associated with the Dodd-Frank "Wall Street Reform and Consumer Act" enacted in July 2010 are matters of heated debate among public officials, financial-sector experts, and economists. This study examines one section of that Act, sponsored by Senator Richard Durbin, which directed the Federal Reserve Board to develop new regulations for the "interchange fees" charged for debit card transactions.