Durbin Amendment - Electronic Payments Coalition

Center for Freedom & Prosperity: Durbin Amendment Routing Provision Costly to Consumers

Electronic Payments Coalition April 1, 2017 No Comments

Once again, politicians in our nation’s capital failed to beat the free market by setting price controls. This should come as no surprise. Historically, government price-setting has never resulted in…

The Blaze: Dick Durbin’s Mount Rushmore of Crony Capitalism

Electronic Payments Coalition March 30, 2017 No Comments

In the last few years it is has become commonplace to see signs posted on cash registers in mom and pop stores saying, “five dollar minimum purchase for credit card.”…

Letter from ABA, State Associations & Banks on Need for Durbin Repeal

Electronic Payments Coalition March 20, 2017 No Comments

Hundreds of state banking associations and banks sent a letter to House leadership explaining the importance of repealing the Durbin amendment. Read the full letter here.

Campaign for Liberty: Repeal anti-consumer, pro-crony legislation

Electronic Payments Coalition March 17, 2017 No Comments

Campaign for Liberty has joined an “open letter” to Chairman of the House Financial Services Committee Jeb Hensarling requesting repeal of the “Durbin Amendment.” This amendment, named after its sponsor…

Institute for Liberty: How The Durbin Amendment Costs Consumers Billions

Electronic Payments Coalition March 9, 2017 No Comments

Over a century ago, politician Simon Cameron famously quipped, “An honest politician is one who, when he is bought, will stay bought.” He could have been referring to congressional efforts…

It’s merchants who are trying to protect their profits

Electronic Payments Coalition March 9, 2017 No Comments

Retail lobbying groups will descend on Capitol Hill this morning. They’ll have a few things on their agenda, including arguing that Congress should keep the 2010 Durbin Amendment, which set…

CEI: Financial CHOICE Act Must Keep Durbin Repeal

Electronic Payments Coalition March 7, 2017 No Comments

After the repeal and replacement of Obamacare, the next big task facing Congress will be reform of the equally awful Dodd-Frank Act. House Financial Services Committee chairman Jeb Hensarling announced…

NBCC: After 6 Years, Consequences Of The Durbin Amendment Are Evident

Electronic Payments Coalition March 2, 2017 No Comments

A new Congress has been sworn in and a new president inaugurated. As with any changing of the guard in Washington, D.C., there will be significant policy shifts, many of which are…

Voters Agree: Get Government Out of Interchange, Repeal the Durbin Amendment

Electronic Payments Coalition February 27, 2017 No Comments

WASHINGTON (February 27, 2017) – By a two-to-one margin, voters across party lines agree the Durbin amendment should be repealed, according to new survey data released by Morning Consult. The…

Bruce Fein: Political math is not economic math

Electronic Payments Coalition February 27, 2017 No Comments

To borrow from Henry Adams, politics, whatever its professions, is generally the systematic organization of the politically powerful to plunder the politically weak or disorganized. The eponymous “Durbin Amendment” (named…

Tag: Durbin Amendment

Center for Freedom & Prosperity: Durbin Amendment Routing Provision Costly to Consumers

The Blaze: Dick Durbin’s Mount Rushmore of Crony Capitalism

Letter from ABA, State Associations & Banks on Need for Durbin Repeal

Campaign for Liberty: Repeal anti-consumer, pro-crony legislation

Institute for Liberty: How The Durbin Amendment Costs Consumers Billions

It’s merchants who are trying to protect their profits

CEI: Financial CHOICE Act Must Keep Durbin Repeal

NBCC: After 6 Years, Consequences Of The Durbin Amendment Are Evident

Voters Agree: Get Government Out of Interchange, Repeal the Durbin Amendment

Bruce Fein: Political math is not economic math

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