Let’s Keep Sen. Durbin and His Amendment Out of Credit Cards

Real Clear Markets | October 4, 2021

In 2010, a Democrat-controlled Congress, as part of the sweeping Dodd-Frank legislation, implemented price controls and routing regulations on debit card transactions. More than a decade later, big-box retailers and merchants have become increasingly vocal in seeking to extend these same requirements and restrictions to credit cards, lobbying lawmakers under the guise that the changes are “pro-consumer.”

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