NEW YORK ( TheStreet) -- Banks could lose up to $25 billion a year in revenue due to changes in payment regulations included in the Dodd-Frank Wall Street Reform.

A study by The Boston Consulting Group estimates that The Durbin Amendment, The CARD ACT and Regulation E would eliminate 29 percent of retail-transaction revenues for U.S. financial institutions.

Bank of America ( BAC) , JP Morgan Chase ( JPM) and Citigroup ( C) have already eliminated free checking and started charging fees for checking accounts to deal with the losses.

The Durbin Amendment would set limits on debit-card interchange rates and get rid of network exclutivity between merchants and banks. Meanwhile, The CARD Act requires banks to disclose more to consumers about rates and fees. Regulation E would require customers' permission to charge overdraft fees.

--Written by Maria Woehr in New York.

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