Tag: Durbin Amendment

EPC Urges Durbin Amendment Repeal to Stop Price Caps Hurting Americans

Electronic Payments Coalition July 12, 2016 No Comments

WASHINGTON – The Electronic Payments Coalition (EPC), representing more than 12,000 credit unions and community banks, trade associations, payment card networks and banks, submitted comments supporting the repeal of the…

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Professor Zywicki’s Letter on the Financial CHOICE Act

Electronic Payments Coalition July 12, 2016 No Comments

Professor Todd Zywicki’s letter to the House Financial Services Committee offers support for repealing the Durbin Amendment, as included in the Financial CHOICE Act. Continue Reading

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Op-Ed: Congress Should Fight Harmful Mandatory Swipe Card Fees

Electronic Payments Coalition July 12, 2016 No Comments

As the campaign season is now in full swing, many voters are tuning into politicians that are saying and do anything to get elected. However, there are some leaders that…

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IFL and 14 Other Groups Support Financial CHOICE Act

Electronic Payments Coalition June 27, 2016 No Comments

On June 23, a coalition of 15 organizations, organized by the Institute for Liberty, sent a letter to Congress voicing appreciation for the Financial CHOICE Act, including the section repealing…

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Banks Step Up Push to Repeal Durbin Amendment

Electronic Payments Coalition June 27, 2016 No Comments

WASHINGTON — More than 50 state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees. The groups argue in a letter…

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Bill to Repeal Cap on Swipe Fees Introduced

Electronic Payments Coalition June 20, 2016 No Comments

Legislation to repeal the federal cap on debit card fees was introduced Tuesday in the House. Rep. Randy Neugebauer, R-Texas, the author of the legislation, said in introducing his bill…

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Morning Money: Durbin Amendment Fight Returns

Electronic Payments Coalition June 20, 2016 No Comments

DURBIN AMENDMENT FIGHT RETURNS — Rep. Randy Neugebauer on Tuesday introduced H.R. 5465 to repeal the Durbin Amendment with support from the Electronic Payments Coalition — American Bankers Association, Consumer…

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Durbin Fights Effort to Repeal Interchange Cap

Electronic Payments Coalition June 20, 2016 No Comments

Sen. Richard Durbin (D-Ill.) is vowing to fight a renewed effort to repeal the cap on debit card interchange fees – a part of the Dodd-Frank Act that is known…

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Neugebauer Bill Aims to Repeal Durbin Amendment

Electronic Payments Coalition June 20, 2016 No Comments

On June 14, Rep. Randy Neugebauer (R-Texas) introduced H.R. 5465, a bill that aims to repeal the Durbin Amendment (Section 1075 of the Dodd-Frank Act). The Durbin Amendment required the…

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Hensarling Offers Long Overdue Reforms to Dodd-Frank

Electronic Payments Coalition June 20, 2016 No Comments

For years Washington has operated under the delusion that government mismanagement played no part in the financial crisis. Convinced that “greedy” Wall Street banks were entirely to blame, the then-Democratic…

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