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Credit & Debit Cards

Durbin Has Meant Estimated Loss of $5.6 Billion

DEC 19, 2012 8:17pm ET

LAKE BLUFF, Ill. – Since the Durbin Amendment rules went into effect last October, banks, thrifts and credit unions with greater than $10 billion in assets will have lost an estimated $5.6 billion in debit card interchange revenue through the end of 2012, according to Moebs $ervices.

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