Banking 101: What Is the Durbin Amendment?

DepositAccounts cites Senior Fellow John Berlau on Dodd-Frank and the Durbin Amendment. 

“In 2009, the year before Dodd-Frank, 76% of checking accounts were free of charge,” said John Berlau, senior fellow at the Competitive Enterprise Institute, a nonprofit public policy organization. “In 2011, just 45% were free.” Berlau alluded to a 2014 report from George Mason University that estimated that the act contributed to a million people losing access to a free bank account.

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