CRS Report: Unclear Who Durbin-Marshall Credit Card Bill Benefits

WASHINGTON, DC — The Congressional Research Service (CRS) recently released a report scrutinizing the so-called benefits of the Durbin-Marshall Credit Card Bill, adding to the list of research and studies that prove credit card routing mandates will not yield savings for consumers. 

CRS, whose mission is to offer research and analysis to Congress, echoed an earlier report by the Richmond Federal Reserve noting that consumers failed to see any meaningful cost savings as a result of similar legislation imposing routing mandates and price caps on debit card interchange.

EPC’s new one-pager, copied below, highlights how the CRS was unable to find enough evidence to support the claims being made by supporters of the Durbin-Marshall Credit Card Bill.