Monday 26 September 2011

INFOGRAPHIC: How The Durbin Amendment Led To Massive Political Controversy


What's the status of credit card networks B.D. (before Durbin)?

Visa and Mastercard dominated the industry and basically dictated prices. Then a little amendment entered in 2010 called the Durbin.

Nerdwallet illustrates how the Durbin went from unknown to causing a massive political rift.

Take a look at the timeline infographic:

Durbin Amendment

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Source: http://feedproxy.google.com/~r/businessinsider/~3/jc963e9_fu0/infographic-how-the-durbin-amendment-led-to-big-political-controversy-2011-9

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