The undersigned state bankers associations, representing banks of all sizes from across the country, wrote to express their support for H.R. 5465, a bill that would repeal the so-called “Durbin Amendment” and eliminate the government-imposed price controls on debit card interchange, which has greatly harmed consumers and the banks that serve them. See the full text below.
More Resources
Despite Retailer Claims, Durbin Amendment Has Harmed Community Banks, Credit Unions and Small Businesses
Electronic Payments Coalition
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Studies/Reports
EPC Members’ Joint Letter to Chairmen Hensarling and Neugebauer
Electronic Payments Coalition
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Letters
SETTING THE RECORD STRAIGHT: New Analysis Demonstrates the Durbin Amendment Has Not Led to Consumer Savings or Employment Gains, Contrary to Retailer Claims
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Press Releases/Statements