Credit Card Processing, Legal

Repeal the Durbin Amendment?

In 2017, CNBC noted that Republicans planned to drop a proposed repeal of the Durbin Amendment. Additionally, financial and political publications have reported on the possibility of expanding provisions to cover credit cards, not just debit cards. In 2022, Forbes published a piece suggesting that expansion to credit cards is a bad idea and that […]

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The introduction of a bill to repeal the Durbin Amendment has added more fuel to the fiery debate between the nation’s largest banks and retailers. But at least for now, it’s not going anywhere.

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