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Commercial Card News Brought to You by the NAPCP: Industry Regulation

NAPCP reviews debate over interchange regulation in U.S.

Friday, June 03, 2011   (0 Comments)

In 2010, debit interchange regulation, known as the Durbin Amendment, was included within the Dodd-Frank Wall Street Reform and Consumer Protection Act. In April 2011, Senator Durbin and JPMorgan Chase chairman and CEO Jamie Dimon emphatically stated their opposing positions on this matter, creating a public feud of sorts and making news headlines as a result.

For members and complimentary subscribers, the NAPCP offers an overview of this interchange debate, including:

  • excerpts from the letters by Mr. Dimon and Senator Durbin
  • references to outsiders' perspectives on interchange, such as the paper Economic Analysis of Claims in Support of the "Durbin Amendment" to Regulate Debit Card Interchange Fees
  • the potential impact on Commercial Cards

See also the Pricing and Revenue section of the Resource Center and Industry Regulation section of the NAPCP's Featured Items (open to all).

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