Senator Durbin, Don’t Hurt Consumers By Making Credit Cards More Expensive

Senator Dick Durbin recently said that “anticompetitive practices in the debit card industry are hurting American consumers and merchants.” He’s absolutely right. But those anticompetitive practices are coming from Congress itself, forcing harmful and regressive payment regulations on an industry that needs flexibility to best serve consumers. Sen. Durbin himself – responsible for the Durbin Amendment in a 2010 financial reform law – is the source of much of the extremely costly regulation that hurts everyday consumers and low-income depositors.

Read the full story here