The Interchange Fee Cap One Year Later

David Lott, retail payments risk expert at the Federal Reserve Bank of Atlanta, examines the lead up to, reaction against, and eventual fallout of the cap on debit card interchange fees imposed by the Durbin Amendment. Lott notes the Durbin Amendment was in some ways...

Credit Cards Being Used More for Basic Needs

Credit cards are still being used to pay for basic needs by many U.S. households, according to a new Demos survey. Forty percent of households that have had credit card debt for at least three months have used their cards to pay for rent or mortgages, insurance...