State Banking Associations from All 50 States Send Letter to Congress Opposing the Credit Card Competition Act

The American Bankers Association (ABA) was joined by state banking associations from all 50 states and Puerto Rico in sending a letter to Congressional leadership, opposing the inclusion of the Durbin-Marshall bill (S. 4674) (H.R. 8874) in the lame duck session of Congress. The letter highlights the detrimental harm that the bill’s credit routing mandates would have on consumers, community banks, and credit unions.