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Electronic Payments Coalition |

EPC Explainer: Why Congress Should Oppose the Durbin-Marshall Credit Card Bill

The EPC has created an explainer handout that includes a general summary of the Durbin-Marshall Credit Card Bill and its negative impact on consumers, small businesses, and financial institutions. This legislation would allow corporate mega-stores, like Walmart and Target, to process credit card transactions based solely on what is cheapest for them without regard to the value that consumers derive from rewards and many other benefits. This would add billions of dollars to the bottom lines of mega-stores every year while eliminating almost all the funding that goes towards popular credit cards rewards programs, weakening cybersecurity protections, and reducing access to credit. Keep reading below to learn more.
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Electronic Payments Coalition |

What Exemption? — Community Banks & Credit Unions Lose Under the Durbin Amendment

Although the Durbin Amendment supposedly “exempted” community banks and credit unions, data from the Federal Reserve clearly show that, following the amendment’s passage, interchange revenue fell for these entities in real terms. The same thing will happen if proposed credit card routing mandates are enacted into law. Check out EPC’s latest explainer highlighting how small financial institutions lose big under the Durbin Amendment and credit card routing mandates.
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