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.
James Jones, communications director for DC Vote, tapes a "DC Constituents Service Day" sign on the wall as he stands with other DC residents outside of Rep. Andy Harris's office on Capitol Hill to protest Harris' actions against D.C.'s marijuana laws on Thursday, July 24, 2014. DC Vote encouraged DC residents to bring their complaints about city services to the Maryland congressman.