Debt Relief Center.org
The Debt Relief Center asks a few simple question so that we may understand your current situation

No suitable video player available.
Your Free Debt Savings Estimate
  • It's fast and convenient
  • It's your right to get relief
  • Your savings may surprise you
  • It's free, no commitment
See Savings
Your Free Debt Relief Savings Estimate only
takes a few minutes and will not affect your credit.

Debt-plagued Consumers Could Benefit From New Regulations

Share this on:

New debit card regulations could help consumers reduce debt. The Federal Reserve Board has been mulling amendments to debit card interchange fees that could result in reduced debt for many Americans.

This proposal took another step towards actualization last week when the Federal Reserve announced plans to reduce debit card transaction fees by 90 percent.

The news caused stock in Visa and MasterCard, the world's largest payment networks, to plunge more than 10 percent, Bloomberg reports. Analysts say the new regulations could cut $15 billion worth of annual revenue for most of the major lenders.

"It is negative all around," wrote Scott Valentin, an analyst at FBR Capital Markets, the news source says. "This significantly impacts the business model for the networks."

The announcement was praised by U.S. Senator Richard Durbin, who helped push for the caps, the news provider says. He had previously campaigned on behalf of consumers and merchants saying the fees were unfair and did not relate to actual processing costs.

While the news may not be good for credit card companies, consumers are likely to benefit in the form of reduced prices at retailers. Merchants are likely to cut prices due to fewer expenses, potentially allowing shoppers to pocket more money and reduce their debt.

Timely articles written by the Editors at DRC

New government regulations in place for consumers in need of debt relief for credit cards and other unsecured debts.


A fast and easy way to get your debt relief evaluation and savings estimate.

Debt Amount
Slide handle to set approximate debt amount.
Less debt
More debt