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All You Need to Know about the Durbin-Marshall Credit Card Bill

Megaretailers like Walmart, Target, and Home Depot are working to convince their allies in Congress to pass corporate welfare legislation paid for by American consumers. These Main Street job killing corporations want to impose new government mandates on how retailers process credit cards. It means the data and fraud protection you expect; rewards you use to pay for everyday items like gas and groceries; and convenience you have come to expect when using a credit card would all go away. This is exactly why the Durbin-Marshall Credit Card Bill is strongly opposed by a diverse and wide-ranging set of organizations and industries, including labor unions, small business owners, financial institutions including credit unions and community banks, policy institutes, trade associations, think tanks, and airlines. Here are the facts…
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Electronic Payments Coalition |

Study: Economic Impact of Credit Card Competition Act on U.S. Travel and Tourism

WASHINGTON, DC – New data by leading global economic forecaster Oxford Economics Research shows that the Durbin-Marshall credit card bill introduced in 2023 could create an economic slowdown for the U.S. costing $227 billion in lost economic activity and approximately 156,000 lost jobs. The impact to cities and states reliant on tourism could be catastrophic, causing top U.S. destination markets to suffer substantial consumer spending and job losses, putting local economies at risk of another downturn in the wake of the COVID pandemic. The full study is copied below.
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Electronic Payments Coalition |

Let’s Talk About Inflation

Supporters of the Durbin-Marshall Credit Card Bill’s new mandates have consistently tried to blame credit card processing costs for driving up inflation. However, this claim fails to align with the facts as credit card interchange rates have remained virtually flat for nearly a decade. Copied below is the latest EPC one-pager setting the record straight about how corporate mega-stores continue to raise prices on everyday goods while the average credit card interchange rate has remained at 1.8%.
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Electronic Payments Coalition |

Federal Banking Regulator Opposes State Interchange Bills, Calls Illinois Law “Ill-Conceived”

The Office of the Comptroller of Currency (OCC) filed a scathing amicus brief highlighting the glaring flaws in a new credit and debit card law set to take effect on July 1, 2025. The OCC called the law “bad policy and an unlawful interference with federally granted powers.” “The OCC said it best, the new Illinois law is ‘ill-conceived, highly unusual and largely unworkable’ and would lead to ‘higher fees, reduced services, and weakened fraud protection,’” said Richard Hunt, Executive Chairman of the Electronic Payments Coalition.
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