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Electronic Payments Coalition |

Letter: Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees

In a new letter sent to the Federal Reserve Board of Governors, the Electronic Payments Coalition, American Bankers Association, American Association of Credit Union Leagues, Consumer Bankers Association, Credit Union National Association, Independent Community Bankers of America, Mid-Size Banks Coalition of America, National Association of Federal Credit Unions and National Bankers Association urged the Fed to reject merchant requests for further changes to Regulation II governing debit card interchange fees.
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Electronic Payments Coalition |

Joint Financial Sector Letter Opposing Durbin-Marshall Amendments to Military Construction, Veterans Affairs Funding Bill

Today, 11 trade associations representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, sent a joint letter to Congressional leaders expressing strong opposition of the so-called “Credit Card Competition Act of 2023” as well as the effort by Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach their proposed credit card routing legislation (S. 1838) to the Military Construction, Veterans Affairs, and Related Agencies Appropriations Act (H.R. 4366). The full letter can be found below:
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