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(Draft No. 6.1 H.143) * New Provisions Highlighted * 4/14/2017 MCR/EBF/BMG 8:00 AM1 2Page 1 of 15TO THE HONORABLE SENATE: The Committee on Judiciary to which was referred House Bill No. 1433entitled

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What is durbin statement on response?

The Durbin statement on response is a document that provides information about a company's compliance with the Durbin Amendment.

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Financial institutions and payment card networks are required to file the Durbin statement on response.

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The Durbin statement on response can be filled out online through the designated regulatory portal provided by the regulatory authority.

What is the purpose of durbin statement on response?

The purpose of the Durbin statement on response is to ensure transparency and accountability in the pricing and availability of payment processing services.

What information must be reported on durbin statement on response?

The Durbin statement on response must include information on interchange fees, network fees, and routing options offered to merchants.

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