Electronic Payments Coalition
October 7, 2011 No Comments
“The Durbin Amendment interfered with a market mechanism to choose merchants to be the winners over the banks. That makes consumers, especially the poor, the losers.”
Electronic Payments Coalition
October 4, 2011 No Comments
“Durbin blocked [the banks] by tacking a controversial amendment onto Dodd-Frank as it passed, capping the banks’ per transaction fees for credit and debit card purchases. BoA’s announced $5 fee…
Electronic Payments Coalition
October 1, 2011 No Comments
“Durbin assumes the retailers will pass the savings onto the consumer. There is no indication they will. The retailers could very well just add the money to their bottom line.…
Electronic Payments Coalition
October 1, 2011 No Comments
“Durbin assumes the retailers will pass the savings onto the consumer. There is no indication they will. The retailers could very well just add the money to their bottom line.…
Electronic Payments Coalition
May 26, 2011 No Comments
“In Fantasyland, where Mr. Durbin lives, retailers magically will take billions in savings from lower debit-card fees and hand them to consumers. But in the real world, merchants gladly will…
Electronic Payments Coalition
May 12, 2011 No Comments
“Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of the nation’s financial rules since the Great Depression.…
Electronic Payments Coalition
February 28, 2011 No Comments
“Yes, those fees will come down – but, bank officials are already warning the public, that doesn’t mean you’ll be saving money. Banks will make up that lost revenue by…
Electronic Payments Coalition
February 15, 2011 No Comments
“The Fed‘s proposed rule, which would cut the average fee by a stunning 73 percent, should be rejected in favor of a more suitable compromise until Congress can undo this…
We are the credit unions, community banks, payment card networks, and institutions who support the backbone of our economic system: electronic payments.
