Richmond Fed's Economic Quarterly Looks at Durbin Amendment Impact on Merchants

(firmenpresse) - RICHMOND, VA -- (Marketwired) -- 08/18/15 -- The Richmond Fed's new Economic Quarterly features a report on a survey of merchants to learn about the impact of a regulation on debit card interchange fees that was part of the Durbin Amendment to the Dodd-Frank Act.

Based on a survey conducted two years after the regulation went into effect in 2011, Richmond Fed economist Zhu Wang and his co-authors Scarlett Schwartz and Neil Mitchell investigate the impact of the regulation on the costs to merchants of accepting debit cards. They also examine merchant reactions to the regulation in terms of changing prices and debit card restrictions. The survey results suggest that the regulation has had limited and unequal impact on merchants' debit-acceptance costs.

This article and others in the latest issue of Economic Quarterly are available .

Also in this issue:

by Felipe Schwartzman

by Robert L. Hetzel

The Economic Quarterly is a free publication containing economic analysis pertinent to Federal Reserve monetary and banking policy. More information is available from the Federal Reserve Bank of Richmond's Research Department at (800) 322-0565 or

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.



Contact:
Amanda Kramer
Senior Managing Editor
Federal Reserve Bank of Richmond Economic Quarterly

804.697.8606

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 18.08.2015 - 15:49 Uhr
Sprache: Deutsch
News-ID 414468
Anzahl Zeichen: 4104

contact information:
Town:

RICHMOND, VA

Kategorie:

Commercial & Investment Banking

Diese Pressemitteilung wurde bisher 222 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Richmond Fed's Economic Quarterly Looks at Durbin Amendment Impact on Merchants"
steht unter der journalistisch-redaktionellen Verantwortung von

Federal Reserve Bank of Richmond (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Richmond Fed Magazine Econ Focus Highlights the Economics of Secession ...

RICHMOND, VA -- (Marketwired) -- 08/14/15 -- Although Scottish voters opted not to separate from the United Kingdom in a referendum last year, the issue of secession remains alive -- not only in Scotland, but in Spain's Catalonia region and els ...

Richmond Fed's Economic Quarterly Examines Post-Recession Part-Time Employm ...

RICHMOND, VA -- (Marketwired) -- 06/08/15 -- The elevated number of workers employed part time for economic reasons (PTER) in the aftermath of the 2007-09 recession has raised a concern of whether the extent of resource underutilization in the labor ...

Richmond Fed Magazine Econ Focus Reports on the Sharing Economy ...

RICHMOND, VA -- (Marketwired) -- 05/28/15 -- A slew of Web startups have launched the "sharing" economy, making it easier for individuals to rent out their homes to travelers and to provide transportation services using their own cars, amo ...

Alle Meldungen von Federal Reserve Bank of Richmond