Tag: The Financial CHOICE Act

House Financial Services Committee Hearing Confirms Need for Durbin Repeal

Electronic Payments Coalition April 27, 2017 No Comments

WASHINGTON, D.C. (April 26, 2017) –Today the House Financial Services Committee held a hearing on the Financial CHOICE Act and the need for reform. Expert witnesses testified that the Durbin…

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ABA: Don’t be fooled: The Durbin amendment is a costly mistake

Electronic Payments Coalition April 26, 2017 No Comments

This week, big-box retailers and their lobbyists will be on Capitol Hill with an unenviable chore: to defend a policy that hurts consumers, harms small retailers and makes no economic…

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EPC Statement on Upcoming CHOICE Act Hearing

Electronic Payments Coalition April 26, 2017 No Comments

Statement from Molly Wilkinson, executive director of the Electronic Payments Coalition (EPC) on the House Financial Services Committee’s upcoming hearing on the Financial CHOICE Act: “This hearing is an important step toward…

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CEI: Five Key Financial Regulation Reforms

Electronic Payments Coalition April 26, 2017 No Comments

When Sen. Richard Durbin (D-Ill.) first appended an amendment imposing price controls on debit cards to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, he invoked a prominent…

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NTU: Here’s why the GOP plan to replace Dodd-Frank is a marked improvement

Electronic Payments Coalition April 26, 2017 No Comments

On Wednesday, the House Financial Services Committee, under the leadership of Chairman Jeb Hensarling, R-Texas, will begin hearings on the Financial Choice Act (Choice Act), House Republicans’ plan for replacing…

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ICLE: Congress has an opportunity to repeal Durbin’s debit card price controls

Electronic Payments Coalition April 26, 2017 No Comments

In February, the White House issued a set of “Core Principles” for financial services reform that requires agencies to “empower Americans to make independent financial decisions and informed choices in…

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Trades Send Letter to HFSC Ahead of CHOICE Hearing

Electronic Payments Coalition April 26, 2017 No Comments

Ahead of the April 26 House Financial Services Committee meeting on the CHOICE Act, ABA, CBA, CUNA, EPC, FSR, ICBA, and NAFCU sent a letter to the Committee in support…

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EPC Applauds Continued Efforts to Repeal Durbin Amendment Price Controls

Electronic Payments Coalition April 19, 2017 No Comments

WASHINGTON (April 19, 2017)–The Electronic Payments Coalition (EPC) applauds Chairman Hensarling for his continued leadership to repeal the Durbin amendment and its harmful price controls. The provision for repeal in…

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NTU: Finance desperately needs reform — start by ditching this draconian regulation

Electronic Payments Coalition April 13, 2017 No Comments

Shortly after President Trump was elected, congressional leaders set an aggressive schedule for addressing healthcare, taxes, and financial services this calendar year. With the prolonged fight over healthcare continuing, and…

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Small Banks And Credit Unions Paying Millions For Durbin Amendment

Electronic Payments Coalition February 7, 2017 No Comments

Last fall, the House Financial Services Committee passed a Financial CHOICE Act that repealed harmful Dodd-Frank Act price controls. That provision would have benefited consumers and small businesses and strengthened…

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