The Wall Street Reform and Consumer Protection Act, better known as Dodd-Frank, passed in 2010 in the shadow of the financial crisis. The Durbin Amendment was part of Dodd-Frank, and was passed to limit the fees merchants paid to banks for debit card processing (commonly called interchange). The regulation applied to banks with over $10 billion in assets (essentially exempting smaller banks such as community banks, who have a strong distributed lobby around the US).
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