Joint trades op-ed signed by ABA, CBA, CUNA, EPC, FSR, ICBA and NAFCU
Policymakers in Washington regularly trigger the law of unintended consequences, hurting the very people they profess to help.
A prime example is the Durbin Amendment, a last-minute addition to the Dodd-Frank Act that placed the Federal Reserve in charge of pricing debit-card transactions and established new rules for how those transactions are routed.
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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Fmr Rep. Westmoreland: Congress should stand for consumers and repeal the Durbin Amendment
The Hill
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What Others Are Saying
Letter: EPC & Trades Urge Repeal of Durbin Amendment
Electronic Payments Coalition
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Letter
Infographic: A History of Failed Price Controls
Electronic Payments Coalition
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General