Heartland Audio

John Berlau: Durbin's Debit Rule Costing Bank Customers More

September 30, 2011

BTN PODCAST - On October 1 the so-called "Durbin Amendment" to the Dodd-Frank financial law of 2010 takes effect. John Berlau of the Competitive Enterprise Institute was among many experts who predicted higher banking fees and fewer free services as a result. Those predictions appear to be coming true, and he joins us to explain how the amendment harms banking customers and suggests steps to minimize the impact.