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Letters for April 18
How this corporate giveaway will cripple Missouri consumers
Rarely does any politician other than the president have control over trillions of dollars and the economic well-being of hundreds of millions of Americans. However, Senator Dick Durbin (D-IL) thinks and acts like he does and throws around threats like Patrick Mahomes throws touchdown passes.
For those lucky enough to have forgotten, it was Durbin who largely upended the market for your debit card in 2010. Within 24 hours, he introduced and passed an amendment that imposed a price cap on the fee big box stores pay to service their customers’ debit transactions. This regressive policy shifted more than $90 billion away from consumers and their financial institutions over to the largest and most powerful retailers in the world. If you’re wondering where your debit rewards went, they’re gone. Thank Senator Durbin. More than a million people lost access to critical banking access. Consumers lost abo
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