Saturday, December 24, 2011

View From The Wing - How the Durbin Amendment Changed Mileage Earning Checking Accounts and Debit Cards - USATODAY.com

View From The Wing - How the Durbin Amendment Changed Mileage Earning Checking Accounts and Debit Cards - USATODAY.com: "The end of most debit card rewards programs, and the recent imposition of monthly fees on mileage-earning checking accounts at BankDirect, are the result of the Durbin Amendment.

NerdWalletruns an interesting piece on the effects of the amendment, pointing out its winners and losers (some of which may be surprising, but others will be familiar to those who pay attention to the points game and how it has been changing as a result of this legislation). NerdWallet interviews law professor Todd Zywicki, who blogs at Volokh.com where I first found reference to the article."

'via Blog this'

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