Dear Chairman Brown, Ranking Member Toomey, Chairwoman Waters and Ranking Member McHenry,
On behalf of the undersigned organizations representing millions of consumers, we write to express our opposition toward legislative and Federal Reserve efforts that expand the Durbin Amendment routing mandate, both of which would limit competition and choice in the debit and credit card marketplace. Retail trade associations have consistently lobbied for greater intervention from the Federal Reserve, including forcing market participants to allow competitors to free ride on their innovative technology, a clear and uncompensated governmental taking, given the misleading title of “interoperability.” Additionally, the harm demonstrated from the Durbin Amendment is shown in the Federal Reserve’s own data [1], and we oppose further attempts to expand the Durbin Amendment to credit cards.
1 month ago
One more building block to fit into their foundation of one world order if these pass. What times we live in! Looking forward to a time when the only “King” or “Ruler” is God Almighty our loving creator! I appreciate the persistence in continuing the good work needed to maintain a balanced, righteous, peace-loving nation (and world!). God bless us all and help us to remain humble and compassionate with a quiet, never-ending strength to overcome the forces of evil. Reply 1 month ago
As far as I am concerned, politicians only deal with half-truths and the balance in lies. Watch the airing of Mike Lindell’s Video of “Absolute Truth” then convince me the election was ligament.