Industry leaders and organizations are speaking out against the Durbin-Marshall Credit Card Mandates 💪 💡Americans for Tax Reform: “The [Durbin-Marshall credit card mandate] harms small businesses. An academic paper looking at the [the mandate] finds that small businesses may lose $1 billion in rewards and potentially lose access to $700 billion in revolving lines of credit if the [mandate] is enacted.” See what others are saying in this EPC resource ⬇ (fb)

Louisiana Bankers Association is one of 50 state banking associations that oppose the Durbin-Marshall Credit Card Bill. “If passed, this legislation could hurt all credit card issuers (including community banks) and their customers by allowing merchants to choose cheaper, less secure, card networks that would expose customers and their credit card data to weaker cybersecurity protections and increased fraud vulnerabilities.“ –Ginger Laurent, CEO of LBA Read more: (fb)