This October marks the 14th anniversary of the implementation of the notorious Durbin Amendment, which mandated price controls on debit cards. Senator Dick Durbin—swayed by the interests of corporate mega-stores and the broader retail lobby—sneakily orchestrated the attachment of the Durbin Amendment to a bill at the eleventh hour without debate.
A new EPC one-pager, copied below, highlights the harm that government payment mandates would cause to American households and small businesses.
More Resources
Financial Services Coalition Sends Joint Letter to Senate Leaders Opposing Harmful Credit Card Mandates in National Defense Authorization Act (NDAA)
Electronic Payments Coalition
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Cashback to School with EPC
Electronic Payments Coalition
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The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Small Businesses
Electronic Payments Coalition
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Studies/Reports