Press Releases

Economic Quarterly

May 8, 2013

Richmond Fed's Economic Quarterly Explores Interchange Fee Regulations and the Durbin Amendment

Richmond, Va.

The debit card interchange fee regulation introduced by the Durbin Amendment to the Dodd-Frank Act went into effect in October 2011. The regulation limits the maximum permissible interchange fee that a covered issuer can collect from merchants for a debit card transaction. In this issue of Economic Quarterly, Richmond Fed economist Zhu Wang reviews the regulation's first-year impact on different players in the debit card market.

You can find the full text of this article and others in the latest issue of Economic Quarterly on our website.

Also in the Third Quarter 2012 issue:

  • Housing Services Price Inflation by Marianna Kudlyak
  • When Do Credit Frictions Matter for Business Cycles? by Felipe Schwartzman

The Economic Quarterly is a free publication containing economic analysis pertinent to Federal Reserve monetary and banking policy. For more information, contact the Federal Reserve Bank of Richmond's Research Department--Publications at 800.322.0565 or visit www.richmondfed.org/research/.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District—including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia—to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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