More Than 175 Organizations Oppose the Durbin Credit Card Interchange Bill

WASHINGTON, D.C. — Today, the Electronic Payments Coalition (EPC) released the following statement highlighting the more than 175 organizations — spanning worker unions, merchant and consumer groups, credit unions, community banks and financial associations — that oppose the harmful credit card routing mandates included in the Durbin interchange legislation (S. 1838). This bill inflicts financial and security harm on consumers, small businesses, and financial institutions of all sizes.  

“More than 175 organizations agree the proposed credit card routing mandates included in the Durbin credit card interchange bill are bad for American consumers, American workers, small businesses on Main Street, and financial institutions of all sizes.

“This legislation is corporate welfare for mega-retailers, like Walmart and Target, at the expense of everyone else. We know that not a dime in savings will be passed on to consumers because we’ve seen this story before. The last time Congress passed interchange regulations, 98 percent of retailers failed to lower prices or raised them.

“Consumers, workers, and small banks are going to be the biggest losers, because popular cash-back and rewards programs will disappear, fraud will likely explode, and millions of Americans could lose access to credit.” 

— Electronic Payments Coalition Executive Chairman Richard Hunt

The 177 organizations that oppose the Durbin credit card interchange legislation (S. 1838) are listed below:

• Airlines for America
• American Airlines
• American Bankers Association
• Alaska Airlines
• Americans for Prosperity
• Americans for Tax Reform
• Association of Military Banks of America
• Association of Flight Attendants-CWA (AFA-CWA)
• Association of Professional Flight Attendants (APFA)
• Bank Policy Institute
• Citizens Against Government Waste
• Cato
• Consumer Bankers Association
• Competitive Enterprise Institute
• Electronic Payments Coalition
• FreedomWorks
• Hawaiian Airlines
• Heritage Action
• Independent Community Bankers of America
• International Association of Machinists and Aerospace Workers (IAM)
• JetBlue Airlines
• Progressive Policy Institute (PPI)
• Southwest Airlines
• The Points Guy
• Transport Workers Union of America (TWU)
• US Hispanic Chamber of Commerce
• United Airlines
• Alabama Bankers Association
• Alabama Credit Union Association
• Alamerica Bank
• Alaska Credit Union League
• Alaskans for Tax Reform
• Alaska Policy Forum
• American Association of Credit Union Leagues
• American Commitment
• American Consumer Institute
• Arizona Bankers Association
• Arkansas Bankers Association
• Arkansas Credit Union Association
• Associated Industries of FL
• Association of Vermont Credit Unions
• California Bankers Association
• California Credit Union League
• California Hispanic Chambers of Commerce
• Capital Policy Analytics
• Cardinal Institute
• Carolinas Credit Union League
• Carver Financial Corporation
• Carver State Bank
• Citizens Trust Bank
• Center for a Free Economy
• Center for American Experiment
• Center for Freedom and Prosperity
• Center for Individual Freedom
• Chime
• Colorado Bankers Association
• Committee for Justice
• Community Development Bankers Association
• Communications Workers of America (CWA)
• Connecticut Bankers Association
• Consumer Action for a Strong Economy
• Consumer Choice Center
• Credit Union Association of New Mexico
• Credit Union League of Connecticut
• CrossState Credit Union Association
• Dakota Credit Union
• Dart-In Convenience Store, Ulysses, KS
• Defense Credit Union Council
• Delaware Bankers Association
• Delaware’s Credit Unions
• Digital Liberty
• Florida Bankers Association
• Florida Credit Union Association
• Florida Tax Watch
• Georgia Bankers Association
• Georgia Credit Union Association
• GoWest Credit Union Association – Colorado
• GoWest Credit Union Association – Idaho
• GoWest Credit Union Association – Oregon
• GoWest Credit Union Association – Washington
• GoWest Credit Union Association – Wyoming
• GoWest Credit Union Association – Arizona
• H&R Block
• Hawaii Bankers Association
• Hawaii Lodging and Tourism Association
• Heartland Credit Union Association – Kansas
• IBC Bank-Corpus Christi
• Illinois Bankers Association
• Illinois Credit Union System
• Independent Women’s Voice
• Indiana Bankers Association
• Indiana Credit Union League
• Industrial Bank
• Institute for Liberty
• Iowa Bankers Association
• Iowa Credit Union League
• Iowans for Tax Reform
• Kansas Bankers Association
• Kentucky Bankers Association
• Kentucky Credit Union League
• Less Government
• Liberty Bank And Trust
• Louisiana Bankers Association
• Louisiana Credit Union League
• Maine Bankers Association
• Maine Credit Union League
• Maine Policy Institute
• Maryland and DC Credit Union Association
• Maryland Bankers Association
• Massachusetts Bankers Association
• Massachusetts’ Credit Unions
• Michigan Bankers Association
• Michigan Credit Union League
• Minnesota Bankers Association
• Minnesota Credit Union Network
• Mississippi Bankers Association
• Mississippi Center for Public Policy
• Mississippi Credit Union Association
• Missouri Bankers Association
• Missouri Century Foundation
• Montana Bankers Association
• Montana’s Credit Unions
• National Association of Women Business Owners
• National Taxpayers Union
• National Bankers Association
• Nebraska Bankers Association
• Nebraska Credit Union League and Affiliates
• Nevada Bankers Association
• Nevada Credit Union League
• New Hampshire Bankers Association
• New Hampshire’s Credit Unions
• New Jersey Bankers Association
• New Mexico Bankers Association
• New York Bankers Association
• New York Credit Union Association
• North Carolina Bankers Association
• North Dakota Bankers Association
• Ohio Bankers League
• Ohio Credit Union League
• Oklahoma Bankers Association
• Oklahoma Credit Union Association
• Oregon Bankers Association
• Pennsylvania Bankers Association
• PSCU
• Puerto Rico Bankers Association
• R Street
• Rhode Island Bankers Association
• Rhode Island’s Credit Unions
• Rio Grande Foundation
• SFOF
• Shareholder Advocacy Forum
• Small Business & Entrepreneurship Council
• South Carolina Bankers Association
• South Dakota Bankers Association
• Spielmann’s Amoco, Hopkins, MN
• Spotlight Liberty
• Taxpayers Protection Alliance
• Tennessee Bankers Association
• Tennessee Credit Union League
• Texas Bankers Association
• Texas Credit Union Association
• The Heartland Institute
• United We Succeed
• Utah Bankers Association
• Utah’s Credit Unions
• A View From The Wing
• Vermont Bankers Association
• Virginia Association of Community Banks
• Virginia Bankers Association
• Virginia Credit Union League
• Washington Bankers Association
• West Virginia Bankers Association
• West Virginia Credit Union League
• Wisconsin Bankers Association
• Wisconsin Credit Union League
• Wyoming Bankers Association