2011 - Page 2 of 5 - Electronic Payments Coalition

May 20, 2011

NASCUS Letter to Congressmen Johnson, Bachus, Shelby and Frank

The National Association of State Credit Union Supervisors wrote Congress urging it to consider the potential safety and soundness implications as well as the economic impact of the Durbin amendment as well as the potentially harmful effect upon small financial institutions.

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May 16, 2011

Letter Regarding Michaels Stores Data Breach

Recent security breaches at big box stores like Michael’s are something credit unions are currently combating. They are helping consumers and ensuring the smooth process of payment services. However, the Durbin amendment threatens these smaller financial institutions and makes all interchange more costly, limiting services and harming the consumer.

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May 12, 2011

CUNA Letter to Senators Tester and Corker

CUNA argues that due to debit interchange regulation, credit unions across the country will be forced to bear even more of the cost of merchant data breaches while the merchants responsible for the breaches not only continue to escape responsibility for their data breaches but also received a windfall thanks to government price controls.

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May 12, 2011

EPC Release on Mr. Bernanke’s Concern Over Debit Card Rule

On the eve of implementation, Fed Chairman Bernanke and FDIC Chairman Bair expressed concern that debit card rule exemption for small financial institutions wouldn’t work.

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May 5, 2011

Save My Debit Card

Learn more about why people like their debit cards.

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May 3, 2011

EPC Ad – Domino Effect

Learn about how Washington’s bad debit card rule will hurt consumers, community banks and credit unions.

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April 5, 2011

Rep. Frank Supports Action to Delay Rule on Interchange Fees

Representative Frank argues that the Durbin amendment should be postponed in order to further investigate the effects of altering interchange rules.

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April 5, 2011

The 2010 Federal Reserve Payments Study

The 2010 Federal Reserve Payments Study is the fourth of a series of triennial studies conducted by the Federal Reserve System to comprehensively estimate and study aggregate trends in noncash payments in the United States. This study estimates the total number and value of payments that were made in 2009 by check, debit card, credit card, automated clearinghouse (ACH), and prepaid card from accounts domiciled in the United States. The study also estimates the number and value of ATM withdrawals.

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April 1, 2011

Members of Congress and Government Regulators Speak Out

This EPC release contains several comments from regulators and congressmen who predict the unintended, harmful consequences of the Durbin amendment.

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March 29, 2011

Letter from Mr. Bernanke to Banking Committee Members

Mr. Bernanke acknowledges the complexity of Dodd-Frank as well as the essential role played by the debit card industry.

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Resources

NASCUS Letter to Congressmen Johnson, Bachus, Shelby and Frank

Letter Regarding Michaels Stores Data Breach

CUNA Letter to Senators Tester and Corker

EPC Release on Mr. Bernanke’s Concern Over Debit Card Rule

Save My Debit Card

EPC Ad – Domino Effect

Rep. Frank Supports Action to Delay Rule on Interchange Fees

The 2010 Federal Reserve Payments Study

Members of Congress and Government Regulators Speak Out

Letter from Mr. Bernanke to Banking Committee Members

Latest Updates

What People Are Saying about the Durbin-Marshall Credit Card Bill

EPC Statement & Timeline on Durbin, Marshall Weaponization of Government

CRS Report: “Unclear” Who Durbin-Marshall Credit Card Bill Benefits