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Electronic Payments Coalition |

Corporate Mega-Stores Are Driving Higher Prices for Americans

The Electronic Payments Coalition released a new explainer document illustrating the true driver of prices for American families: corporate mega-store greed. While prices at corporate mega-stores have skyrocketed faster than inflation, the cost to accept credit cards has remained virtually flat. Blaming credit cards for rising costs is a dishonest way for corporate mega-stores to pass the blame, while they continue to raise prices and profit from working Americans. See the full one-pager below.
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Electronic Payments Coalition |

Credit Cards Promote Everyday Affordability for Americans

Affordability and prosperity boil down to how easily working families and small businesses can participate in today’s economy. They need flexibility, security, and options that offer them real value. Credit cards make this possible by protecting consumers from fraud, expanding access to credit, and lowering costs through reward programs Americans use on everyday purchases – further fueling growth across our economy.
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EU Provides Cautionary Case Study for Durbin-Marshall Mandates

The Electronic Payments Coalition released a document highlighting the harmful impact government credit card mandates had on European consumers. Following the implementation of those mandates in the EU, Europeans have less access to credit cards; have fewer options – and therefore less competition – in the credit card marketplace; and pay significantly higher fees than Americans do under our current system.
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All You Need to Know about the Durbin-Marshall Credit Card Mandates

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 |

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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Durbin-Marshall Mandates: A Bad Deal for Small Businesses, Consumers, Community Banks, & Credit Unions

Study after study from respected economists, academics, independent think tanks, and nonpartisan government agencies shows these mandates do not lead to lower prices at the checkout. Instead, they disproportionately benefit the largest corporate mega-stores while harming Main Street small businesses, eliminating credit card rewards relied upon by families of all incomes, weakening the security and data protections consumers expect, and reducing economic activity in local communities by limiting access to credit and hurting tourism. See the full one-pager below:
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Electronic Payments Coalition |

EPC Study: How Rate Caps Harm American Consumers

A new Electronic Payments Coalition study found nearly 90% of current cardholders – between 175-190 million Americans – would effectively lose access to credit. Essentially, any American with a credit score of less than 740 – well above the national average – would see their card eliminated or credit limit drastically reduced. Key Findings in the new EPC report: See the full report below:
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Electronic Payments Coalition |

The Ghostly Impact of Durbin’s Debit Mandates on Your Wallet

This October marks the 14th anniversary of the implementation of the notorious Durbin Amendment, which mandated price controls on debit cards. Senator Dick Durbin—swayed by the interests of corporate mega-stores and the broader retail lobby—sneakily orchestrated the attachment of the Durbin Amendment to a bill at the eleventh hour without debate. A new EPC one-pager, copied below, highlights the harm that government payment mandates would cause to American households and small businesses.
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Electronic Payments Coalition |

Financial Services Coalition Sends Joint Letter to Senate Leaders Opposing Harmful Credit Card Mandates in National Defense Authorization Act (NDAA)

Eight trade associations representing the financial services industry including the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Electronic Payments Coalition, and Independent Community Bankers of America, sent a joint letter to Senate leaders opposing the inclusion of credit card mandate legislation by Senator Roger Marshall (R-KS) and Senator Dick Durbin (D-IL) in the FY2026 National Defense Authorization Act (NDAA).
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