There has been much debate over the past week about the Financial CHOICE Act introduced by Chairman Jeb Hensarling (R-Texas). The bill, which FreedomWorks supports, would significantly reform the Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed in 2010 to purportedly address the causes of the 2007-2008 recession.
One of the more important pieces of the CHOICE Act is its repeal of the Durbin amendment. The amendment has become a costly part of the legislation that is causing a drag on the financial sector of the economy, and it needs to be repealed.
More Updates
Eric Grover: The card fee battle makes a welcome pivot against the merchant lobby
Payment Source
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What Others Are Saying
Carolinas Credit Union League: Repeal repeal financial fee rule
Fayetteville Observer
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What Others Are Saying
CEI: There is No Consumer – or Small Business – Case for the Durbin Amendment
Competitive Enterprise Institute
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What Others Are Saying