Repeal Durbin Amendment to Benefit Consumers

Americans have faced tremendous adversity over the past year amid the coronavirus pandemic — both personally and financially. The policies Washington puts forward today must be focused entirely on bettering the lives of American consumers.

As the Federal Reserve revisits its interchange policy and Congressional chatter around the Durbin Debit Interchange Amendment picks up steam, now is the time for policymakers to repeal this harmful law.

Not only has the Durbin Amendment been a disastrous attempt at price fixing guised as a credible policy proposal, but its repeal would benefit consumers — including many low-and-moderate income communities.