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The Electronic Payments Coalition submitted comments to Chairman Hensarling ahead of the planned markup of the Financial CHOICE Act, which includes a provision to repeal the Durbin Amendment.
Several trade organizations sent a jointly signed letter to members of the House Financial Services Committee in support of Section 335 of the CHOICE Act, which would repeal the Durbin Amendment.
The Electronic Payments Coalition submitted comments to the House Financial Services Committee on the Financial CHOICE Act, supporting the inclusion of the Durbin Amendment’s repeal.
Professor Todd Zywicki’s letter to the House Financial Services Committee offers support for repealing the Durbin Amendment, as included in the Financial CHOICE Act.
Millions of Americans are hitting the road this weekend for vacation. While traveling, many of us will stop at gas stations and convenience stores to stretch our legs, grab a bite, and fill our tanks—putting us at risk for skimming fraud. Recent data shows that nonbank ATMs, especially those at convenience stores, are being targeted by thieves using skimmers to pull debit card data. Gas pumps, which do not have to be EMV compliant until October 2017, are also susceptible to skimming. Police around the country are warning consumers about gas pump skimmers. So as you’re hitting the road for your summer vacation, be sure to ask “Got chip?” when you pull out your credit or debit card and dip instead of swiping. Below are helpful tips to protect your information.
The undersigned state bankers associations, representing banks of all sizes from across the country, wrote to express their support for H.R. 5465, a bill that would repeal the so-called “Durbin Amendment” and eliminate the government-imposed price controls on debit card interchange, which has greatly harmed consumers and the banks that serve them. See the full text below.