from Hacker News

How the Durbin Amendment sparked the modern fintech industry

by ericglyman on 7/13/22, 3:46 PM with 1 comments

  • by tims33 on 7/13/22, 4:01 PM

    Great article. There wasn’t much legislators did to combat the too big to fail banks, but the Durbin amendment was certainly an effective boost for small banks to compete for Fintechs. It’s why Chase’s Jamie Dimon is now so vocal about changing these rules.