Home Depot's Price Cuts Explained - Spokane, North Idaho News & Weather KHQ.com

Home Depot's Price Cuts Explained

HUFFINGTONPOST.COM - At one store, financial regulation is helping customers in a demonstrable way.

Home Depot has lowered the prices of more than 3,000 products after regulators started enforcing a cap on debit card swipe fees in October, American Banker reports. Home Depot's decision lends credence to the argument that retailers are likely to pass on the savings from the Durbin Amendment on to consumers.

"The money saved [by] Durbin goes into the pool of savings, lowers our overall operating costs, and allows us to reinvest in the business to lower prices," Dwaine Kimmet, Home Depot's treasurer and vice president of credit, said in an interview with American Banker. "We have absolutely lowered prices." click here to read more

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