…And the Durbin Amendment is much more toxic than just topically: “‘(P)assed as part of the Dodd-Frank financial reform legislation in 2010, (it) required the Federal Reserve to limit fees charged to retailers for debit card processing.’ Oh excellent – price controls. Because they always work out SO well: ‘Complex price controls invite gaming of the system….’”
Gaming the system, you say? You bet.
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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General
ICBA: Don’t buy merchant groups’ latest Durbin argument
The Hill
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Op-Ed
ICBA: Community Bankers Continue Interchange Pushback
ICBA
Read
General, What Others Are Saying
ATR: Top 5 Reasons to Repeal the Durbin Amendment
Americans for Tax Reform
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What Others Are Saying