With competition on the rise and consumers from coast to coast reaping the benefits, the Durbin amendment is a working example of why we need regulation when markets don’t work effectively. Let’s all wish the amendment a happy first anniversary as we pull out our debit cards and enjoy the savings the bill is affording us.
David Balto is a former policy director at the Federal Trade Commission.
Sen Mary Landrieu, D-La., poses for a selfie with LSU football fans as she campaigns at tailgate parties on the Louisiana State University campus before the LSU-Mississippi State game on Saturday, Sept. 20, 2014. Buy photo here.