As the campaign season is now in full swing, many voters are tuning into politicians that are saying and do anything to get elected. However, there are some leaders that truly take on the hard work of legislating and work tirelessly to try and solve the problems of hardworking Americans. That is why the Electronics Payments Coalition is commending House Financial Services Chairman Jeb Hensarling for putting serious thought and initiative into creating The Financial CHOICE Act.
The bill’s name stands for Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs, and would help boost the economy by creating more competition while providing much needed relief from overly burdensome regulations. Of critical importance to our coalition is repealing the harmful federal price controls of the Durbin Amendment that mandated debit card acceptance fees.