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- Title
The Impact of Debit Card Regulation on Checking Account Fees.
- Authors
Sullivan, Richard J.
- Abstract
The article explores the samples of regulated and exempt banks in the U.S., the fee structures before and after the imposition of debit card regulation and the access of customers to free checking after the debit card regulations went into effect in late 2011. It cites the role of the regulation of interchange fees for debit card payments in eliminating $8 billion of revenue at regulated commercial banks. The changes to another major category of checking account products are also outlined.
- Subjects
BANKING industry; DEBIT card laws; INTERCHANGE fees (Banking); BUSINESS revenue; CHECKING accounts
- Publication
Economic Review (01612387), 2013, p5
- ISSN
0161-2387
- Publication type
Article