Durbin’s Innovation Killer

American Enterprise Institute The Durbin amendment would raise costs for consumers, increase fraud, and kill innovation.

"Attached as a floor amendment at the very last moment to the Senate version of the Dodd-Frank legislation, the Durbin amendment was passed with no hearings and minimal discussion of its likely impact on consumers and the economy. Since that time, however, many of the likely unintended consequences have been identified."
Hat tip to Volokh Conspiracy