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Debit Cards Fee Limits Have Big Affect Pay Day Loans and Overdraft Charges

Debit Cards Fee Limits Have Big Affect Pay Day Loans and Overdraft Charges

A report that is new the commercial research company, Moebs Services, sheds some light from the continued harm that the Durbin Amendment has wreaked on banking institutions and customers. The amendment, a provision that is last-minute of 2010 Dodd-Frank Act, capped the charges that merchants spend up to a bank each time a customer work with a bank’s debit card at their shop.