Supporters of the Durbin-Marshall Credit Card Bill’s new mandates have consistently tried to blame credit card processing costs for driving up inflation. However, this claim fails to align with the facts as credit card interchange rates have remained virtually flat for nearly a decade.
Copied below is the latest EPC one-pager setting the record straight about how corporate mega-stores continue to raise prices on everyday goods while the average credit card interchange rate has remained at 1.8%.
