Payments News

Hundreds of Bankers to Congress: Repeal Durbin

Mar 17, 2017
In a joint letter to House leadership today, ABA, along with nearly 850 banks and state associations, urged Congress to include a repeal of the Durbin Amendment in financial reform legislation this year. A repeal would eliminate government-imposed price controls on debit card interchange. The groups pointed out that the Durbin Amendment — an eleventh hour insertion into the Dodd-Frank legislation — has failed to deliver on its promise of lower costs for consumers at the cash register.

Read the full article:
http://bankingjournal.aba.com/2017/03/hundreds-of-bankers-to-congress-repeal-durbin/