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Analysis: Durbin To Force Job Cuts, Expanded Fees

MAR 21, 2011

LOMBARD, Ill.-To make up for a 73% loss in interchange revenue, a $750-million CU will either have to cut 18 employees, lower deposit rates by 16 basis points, impose a $6.08 monthly fee on checking balances below $1,000, or add a monthly $3.65 debit card fee.

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