From RealClearPolicy [1]:
Despite trying to cut costs for consumers and businesses, research has consistently shown the Durbin amendment denied consumers access to no-fee and low-fee financial services [2]. Moreover, this denial disproportionately harmed minority and low-income communities, preventing them from accessing formal lines of credit.
Endnotes
- “RealClearPolicy”: https://www.realclearpolicy.com/articles/2021/09/07/for_the_sake_of_consumers_kill_the_durbin_amendment_793229.html
- “to no-fee and low-fee financial services”: https://www.rstreet.org/2021/05/26/coalition-letter-to-prevent-further-expansion-of-the-durbin-amendment/