Why the Harmful to Households Durbin Amendment Has to Go – RealClear Markets

"...(T)he Durbin Amendment took critical resources away from smaller financial institutions, like the credit unions and community banks that my company works with every day. Our smaller institutions were forced to offset the interchange revenue losses by raising other fees consumers pay (monthly service fees, minimum balance fees, etc.), which affects not only the wallets of our customers, but also the success of the overall banking system."