The Durbin Amendment: What Do Interchange Fees Mean for You?

The facts behind the noise of the Durbin Amendment debate

The Durbin Amendment has provoked all manner of sound and fury from Washington, creating the unlikely scenario where a Democrat is accused of supporting big banks over everyday consumers, and the most conservative members of the Senate align themselves with the most progressive Democrats in a highly contentious bill. But for all the media attention that interchange fee regulation has generated, it’s still an esoteric and somewhat difficult to grasp area. Check out our infographic for a cheat sheet on what an interchange fee is, and what actually happens when you pay with plastic.

Check out our blog for up-to-date news, or see our list of the best credit cards.