Debit-card interchange fee cap concerns banks

The Dodd-Frank Wall Street Reform and Consumer Protection Act is celebrating its first birthday this month. It has been a year of changes and adjustment for area bankers, who have been handed 566 final rules and guidances by regulators since the legislation took effect in July 2010.

These 566 rules have resulted in 2,489 pages of new regulations, and the Colorado Bankers Association estimates that this number will increase to a total of 5,000 pages of new or expanded regulations as a result of Dodd-Frank.

The main concern of banking professionals and others in the industry since Dodd-Frank was initially presented in…