Local - Electronic Payments Coalition

Congress’ misdirected ‘probe’ of debit card fees

Electronic Payments Coalition October 21, 2011 No Comments

“Rather than accept responsibility and reverse the original bad legislative policy, however, Congress is digging in its heels and blaming the banks just for trying to recoup their losses. Once…

Credit’s price

Electronic Payments Coalition October 19, 2011 No Comments

“Retailers will likely manage to keep some portion of the fees they used to pay to the banks or third party intermediaries. Consumers, meanwhile, will pay the same retail costs…

Again, politicians interfere with commerce; no winners ahead

Electronic Payments Coalition October 18, 2011 No Comments

“Once again, politicians who have never run a company, impose their will on businesses without ever considering the impact on the companies or their customers. There are no winners in…

Editorial: Customers should not be shocked at debit card fees

Electronic Payments Coalition October 13, 2011 No Comments

“It’s hard to see if retailers have indeed passed the savings on to customers, but it’s easy to guess that they have not.”

Banker Barack: Clueless in chief

Electronic Payments Coalition October 9, 2011 No Comments

“The Dodd-Frank banking regulation Democrats passed last year cut by 45 percent the fees banks could charge retailers for debit card transactions. This was no consumer protection. It was a…

Don’t blame banks for debit card fees — blame merchants

Electronic Payments Coalition October 8, 2011 No Comments

“Taking your money elsewhere may not be a long-term solution. The Durbin Amendment contains an exemption for banks and credit unions with less than $10 billion in assets. On paper,…

EDITORIAL: Durbin does it to consumers

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.”

No more help, please

Electronic Payments Coalition October 5, 2011 No Comments

“Congress hailed it as a victory for consumers last year when it decided to impose price controls on banks, capping ‘swipe’ fees they charge merchants for debit-card transactions. In reality,…

Incredible: Dick Durbin urges run on Bank of America

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…

Congressional effort to cut debit card charges to retailers merely shifted them onto consumers

Electronic Payments Coalition October 2, 2011 No Comments

“Provisions [of Dodd-Frank] included a fix-it job engineered by Illinois Sen. Dick Durbin at the request of major retailers like Walmart, who had their own beef with banks over debit…

Tag: Local

Congress’ misdirected ‘probe’ of debit card fees

Credit’s price

Again, politicians interfere with commerce; no winners ahead

Editorial: Customers should not be shocked at debit card fees

Banker Barack: Clueless in chief

Don’t blame banks for debit card fees — blame merchants

EDITORIAL: Durbin does it to consumers

No more help, please

Incredible: Dick Durbin urges run on Bank of America

Congressional effort to cut debit card charges to retailers merely shifted them onto consumers

Quick Links

Key Issues

Research