Aug. 23, 2014 SIGN IN | REGISTER

Balto: Debit Cards Triumph Thanks to Durbin Amendment

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.

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