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ABA Statement on Interchange Court of Appeals Decision Print E-mail
Friday, 21 March 2014

The American Bankers Association (ABA) Statement on Interchange Court of Appeals Decision by Frank Keating, ABA President and CEO:

“We applaud the Court for its decision today, which reverses a lower court’s ruling that would have harmed banks of all sizes and made it more difficult for institutions to serve their customers.  While this decision is a welcomed outcome, the fact remains that the underlying policy – the Durbin Amendment – has not accomplished its goal of lowering prices for consumers.  It has only served to increase the bottom line for big box retailers.”

(Source - ABA News Release)


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