FlyerTalk Forums - View Single Post - Impact of Dodd-Frank repeal on fees/rewards?
Old Jun 8, 2017 | 8:43 pm
  #2  
mikesyr18
 
Join Date: Mar 2017
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Dodd-Frank doesn't effect credit cards. The rewards that used to come with debit cards were eliminated once the Durbin Amendment was approved as part of the Dodd-Frank Act.

While Dodd-Frank repeal passed the GOP heavy House, don't expect it to pass the Senate; thus, we won't be seeing debit card rewards return. It's also already been stated that Durbin will remain, unfortunately. Merchants don't need to save money on interchange fees, there isn't an advantage to it.
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