Durbin Amendment - Electronic Payments Coalition

The Durbin-Marshall Credit Card Mandates

Electronic Payments Coalition December 4, 2022 No Comments

The Durbin-Marshall Credit Card Mandates are proposed federal legislation requiring banks to enable multiple routing options for credit card transactions.This means if Congress passed this law, it would bring chaos…

Hacker trying to get into someones personal account online.

What’s at Risk?

Electronic Payments Coalition December 4, 2022 No Comments

1. Security + Fraud Protection Today’s established networks, such as Visa and Mastercard, invest billions in fraud detection, cybersecurity, and zero-liability protections, resulting in 96% of all fraud attempts being…

Woman sitting at a desk and staring out the window with a concerned look on her face.

Who is Impacted?

Electronic Payments Coalition December 4, 2022 No Comments

Consumers History proves consumers don’t benefit from government regulated mandates. After the 2010 Durbin Amendment, the Richmond Fed found 98% of merchants didn’t lower prices – 20% even raised them.…

Experts Weigh in on Harmful Effects of the Durbin Amendment

Electronic Payments Coalition November 9, 2018 No Comments

In the past week, multiple experts have offered insight into the failings of the Durbin amendment since its enactment seven years ago. Here’s what they had to say: J.W.…

Consumers’ Views of Durbin Amendment on 7th Anniversary Underscore Need to Repeal

Electronic Payments Coalition October 1, 2018 No Comments

More than half of voters feel they have not received a discount from retailers since the Durbin amendment went into effect seven years ago, despite retailers’ promises otherwise, according to…

CEI: No More Free Checking for the Poor

Electronic Payments Coalition January 29, 2018 No Comments

The Durbin Amendment strikes again. Today brings further evidence that the little-known amendment to the Dodd-Frank Act of 2010 by Sen. Richard Durbin (D-IL), which imposed price controls on debit…

Op-Ed: Retailers Want to Turn Page on Durbin to Escape Accountability for Its Failures

Electronic Payments Coalition November 16, 2017 No Comments

As I read a recent op-ed regarding debit interchange price controls and a possible expansion to credit, I nearly spit out my coffee astonished by retailers’ misrepresentation of the state of play…

EPC Statement on Chairman Hensarling Not Seeking Re-Election

Electronic Payments Coalition October 31, 2017 No Comments

The following statement can be attributed to Molly Wilkinson, executive director of the Electronic Payments Coalition (EPC), in response to House Financial Services Committee (HFSC) Chairman Hensarling’s announcement that he…

NBCC: Study by Federal Reserve economists shows the ‘Durbin Amendment” is a failed policy

Electronic Payments Coalition August 31, 2017 No Comments

It sometimes amazes me how many proof points Congress needs to act on an issue. Here is hoping that on the matter of debit card interchange fees, a recent Federal…

Op-Ed: Fed finds (again!) that Durbin Amendment hurts consumers

Electronic Payments Coalition July 26, 2017 No Comments

The Federal Reserve Board of Governors recently released a report called “The Impact of Price Controls in Two-sided Markets: Evidence from US Debit Card Interchange Fee Regulation.” That dense title…

Tag: Durbin Amendment

The Durbin-Marshall Credit Card Mandates

What’s at Risk?

Who is Impacted?

Experts Weigh in on Harmful Effects of the Durbin Amendment

Consumers’ Views of Durbin Amendment on 7th Anniversary Underscore Need to Repeal

CEI: No More Free Checking for the Poor

Op-Ed: Retailers Want to Turn Page on Durbin to Escape Accountability for Its Failures

EPC Statement on Chairman Hensarling Not Seeking Re-Election

NBCC: Study by Federal Reserve economists shows the ‘Durbin Amendment” is a failed policy

Op-Ed: Fed finds (again!) that Durbin Amendment hurts consumers

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