Durbin Exemption Fails to Protect Credit Unions From Impact
Roughly fifteen months after the Durbin amendment went into effect, the controversial legislation that capped debit card interchange for issuers with over $10 billion in assets has painted a mixed picture for most credit unions.

Even though all but four credit unions in the country have less than $10 billion in assets and were supposed to be exempt from the Durbin amendment’s cap, all the executives interviewed reported that credit union debit card interchange has taken a loss on a per transaction basis.  Read More

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