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Merchants Payments Coalition Lauds Benefits of Dodd-Frank on Its Five-Year Anniversary

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WASHINGTON--(BUSINESS WIRE)--The Merchants Payments Coalition today said all the evidence shows that five years after passage of the Dodd-Frank financial-reform law, debit-card fees are more competitive and fairer for small merchants and consumers. Debit swipe fee reform has saved consumers almost $6 billion each year since it went into effect, based on a study by the prominent economist Robert J. Shapiro, and supported 37,500 jobs a year as well. “Without reform, price-fixing of debit card swi

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