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NTU Disappointed Durbin Amendment Repeal Pulled From CHOICE - Electronic Payments Coalition

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NTU Disappointed Durbin Amendment Repeal Pulled From CHOICE

May 26, 2017 | National Taxpayers Union

NTU’s Executive Vice President, Brandon Arnold, responded to the repeal of the Durbin amendment:

National Taxpayers Union is extremely disappointed by the decision to remove language from the Financial CHOICE Act that would have repealed price controls on debit card swipe fees. While its supporters claim that the Durbin Amendment is a pro-consumer measure, it has instead been little more than a government-imposed windfall for the retail industry.