WebJul 12, 2024 · In 2010, a Democratic-controlled Congress established price controls and new routing regulations on debit card transactions with the Durbin Amendment (Section … WebOct 12, 2024 · In late September, Durbin and Marshall introduced two amendments to the National Defense Authorization Act, seeking to attach their legislation to that annual defense bill. In a Sept. 30 press release, they noted that military veterans must sometimes pay surcharges at military commissaries to cover payment of the interchange fees.
Financial Services Industry United in Opposition to Marshall …
WebAug 26, 2024 · Banker op-ed: Durbin-Marshall credit card bill will hurt small businesses. A proposed bill that would allow merchants to control how banks process credit card … WebJul 28, 2024 · Credit Card Competition Act of 2024. This bill addresses network access and competition in electronic credit transactions. The bill generally prohibits credit card … income tax act 2010
Banker op-ed: Durbin-Marshall credit card bill will hurt small ...
WebAug 8, 2024 · ABA joined a broad coalition of state bankers associations and credit union associations in a strongly worded letter sent Friday to congressional leaders opposing S. 4674, the Credit Card Competition Act of 2024. The bill, which was introduced by Sens. Roger Marshall (R-Kan.) and Dick Durbin (Ill.), would create new credit card routing … WebJul 28, 2024 · Durbin to lob bill at Visa, Mastercard Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition. Published July 28, 2024 Lynne Marek Lead Editor WebOct 13, 2024 · On July 28, two U.S. senators — Richard Durbin, D-Ill., and Roger Marshall, R-Kan. — introduced the Credit Card Competition Act of 2024. After two months of inactivity, it was then introduced as a … inception style