06.01.2021

Durbin Amendment shifts the costs of cashless convenience from retailers to consumers

By Rick Manning Miss your old free checking account? In 2020, only 47 percent of non-interest checking accounts were free  according to Bankrate.com . That’s up from 42 percent in 2019 and  the low of 37 percent in 2015, but well below the 76 percent that were offered in 2009 . Why such a big drop? In part, you can thank the Dodd-Frank financial services reform bill of […]

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