“What is doubly ironic is that before Durbin, debit cards were a booming business — bigger in total dollars and total transactions than credit cards. They were leaving checks, and increasingly, cash in the dust. In hard times, why should Congress kill off one of our few industry successes? The only cure for this mess is repeal the Durbin Amendment as quickly as possible, before it can do permanent damage to the banking system.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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Incredible: Dick Durbin urges run on Bank of America
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Senator Durbin’s Reckless Message To BofA Customers: Find A New Bank
Forbes
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Blame Obama and Durbin for New Bank Fees
US News & World Report
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