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Electronic Payments Coalition |

What Exemption? — Community Banks & Credit Unions Lose Under the Durbin Amendment

Although the Durbin Amendment supposedly “exempted” community banks and credit unions, data from the Federal Reserve clearly show that, following the amendment’s passage, interchange revenue fell for these entities in real terms. The same thing will happen if proposed credit card routing mandates are enacted into law. Check out EPC’s latest explainer highlighting how small financial institutions lose big under the Durbin Amendment and credit card routing mandates.
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Electronic Payments Coalition |

All You Need To Know About Durbin 2.0

Megaretailers like Walmart, Target and Home Depot are working to convince their allies in Congress to pass legislation amounting to little more than corporate welfare paid for by consumers. These Main Street job killing corporations want to impose new government mandates on how retailers process credit cards and while that might seem innocuous enough, it means the data and fraud protection you expect; rewards you use to pay for everyday items like gas and groceries; and convenience you have come to expect when using a credit card would all go away. Of course they aren’t telling you this, but here are the facts…
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Electronic Payments Coalition |

Letter: Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees

In a new letter sent to the Federal Reserve Board of Governors, the Electronic Payments Coalition, American Bankers Association, American Association of Credit Union Leagues, Consumer Bankers Association, Credit Union National Association, Independent Community Bankers of America, Mid-Size Banks Coalition of America, National Association of Federal Credit Unions and National Bankers Association urged the Fed to reject merchant requests for further changes to Regulation II governing debit card interchange fees.
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