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Credit Donkey unveils Durbin Amendment infographic

September 25, 2011

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CreditDonkey, a credit card offer comparison website, today unveiled its Durbin Amendment infographic, designed to help educate consumers about the potential costs.

According to a press release, the infographic is meant to help consumers prepare for the changes that are predicted for the banking industry so they can protect themselves from projected fees.

“The general public needs to understand that at the end of the day, banks and other financial institutions are businesses with investors who are looking to make a profit,” said Charles Tran, founder of CreditDonkey. “When one revenue stream is taken away from banks, they will find new ways to generate revenue. Unfortunately, this means when regulation is introduced to protect consumers in one area, new fees are going to pop up elsewhere.”

Courtesy of: CreditDonkey