North Carolina credit unions applaud and support U.S. Rep. Ted Budd’s (R-N.C. 13) effort to repeal the Durbin Amendment.
During an April 26 House Financial Services Committee hearing, Davie County’s Budd stood up for North Carolina consumers, advocating repeal of the Durbin Amendment enacted in 2010 as part of the Dodd-Frank Act. The price-control measure addressed allocation of interchange fees that fund the credit- and debit-card payment system.
