Durbin Amendment Articles

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House Committee Approves Legislation Repealing Debit Reform

May 5, 2017

House Committee Approves Legislation Repealing Debit Reform

The House Financial Services Committee on May 4 favorably reported the CHOICE Act, legislation that would roll back a number of the reforms in the Dodd Frank financial reform legislation, including debit reforms known as the Durbin Amendment that have been critical for retailers.

House Committee to Continue Examining Debit Reform Legislation

May 3, 2017

House Committee to Continue Examining Debit Reform Legislation

On May 2, the House Financial Services Committee began examining the CHOICE Act, legislation that would repeal many provisions of the Dodd Frank Financial Reform Act, including critical debit reform provisions known as the Durbin Amendment. NATSO strongly supports the Durbin Amendment and is working to ensure that it is not repealed.

House Committee to Consider Legislation Repealing Debit Fee Reform

May 2, 2017

House Committee to Consider Legislation Repealing Debit Fee Reform

The House Financial Services Committee is scheduled to meet today May 2 to consider legislation that would roll back many of the reforms contained in the Dodd Frank Wall Street Reform Act, including the so-called Durbin Amendment, which implemented much-needed debit reforms. The legislation is likely to be approved by the Committee, setting up the potential for the full House of Representatives to consider the legislation in the coming weeks.

House Committee Hearing Today on Financial Choice Act

April 26, 2017

House Committee Hearing Today on Financial Choice Act

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will hold a hearing today to discuss the Financial Choice Act, which contains a provision to repeal the debit card swipe fee reforms implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Rep. Wagner Visits Missouri TravelCenters of America

April 21, 2017

Rep. Wagner Visits Missouri TravelCenters of America

TravelCenters of America and NATSO hosted Rep. Ann Wagner (R-Mo.) at TA’s Foristell, Mo., location April 19 as part of a congressional site visit designed to discuss issues of importance to the truckstop and travel plaza community.

Rep. Hensarling to Introduce Legislation to Repeal Durbin Amendment

April 12, 2017

Rep. Hensarling to Introduce Legislation to Repeal Durbin Amendment

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is expected to introduce legislation before the end of this month that would repeal debit card swipe fee reform, commonly known as the Durbin Amendment.

Retailers Push to Protect Debit Fee Reform

February 13, 2017

Retailers Push to Protect Debit Fee Reform

More than 900 members of the retail community including NATSO members urged Congress to refrain from taking up legislation that would repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

Retailers Urge Congress to Protect Debit Fee Reform

January 13, 2017

Retailers Urge Congress to Protect Debit Fee Reform

More than 760 members of the retail community including NATSO members urged Congress to refrain from taking up any legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

NATSO Members Urged to Sign Letter Opposing Repeal of Swipe Fee Reform

January 4, 2017

NATSO Members Urged to Sign Letter Opposing Repeal of Swipe Fee Reform

NATSO has learned that U.S. Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, is expected as early as next week to introduce legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

NATSO Members Oppose Debit Reform Repeal

November 21, 2016

NATSO Members Oppose Debit Reform Repeal

More than six hundred businesses, including multiple NATSO members, wrote to Congress to oppose efforts to repeal the “Durbin Amendment.” As NATSO members are aware, the Durbin Amendment was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and reformed the anti-competitive debit card market by placing caps on interchange fees in debit swipe transactions.

House Committee Passes Legislation Repealing Debit Fee Reform

September 14, 2016

House Committee Passes Legislation Repealing Debit Fee Reform

In a thoroughly disappointing development for retailers and consumers alike, the House Financial Services Committee approved legislation on Sept. 13 that would, among other things, repeal the debit fee reform legislation known as the Durbin Amendment. It passed on a party-line vote, with all-but-one Republican on the Committee voting for the legislation repealing the Durbin Amendment, and all Democrats voting against it.

Rep. Hensarling Introduces Repeal of Durbin Amendment

September 11, 2016

Rep. Hensarling Introduces Repeal of Durbin Amendment

Debit card reforms have been a major step in the right direction and any removal of those reforms would be a monumental step in the wrong direction for U.S. businesses and consumers.

NATSO Members, Merchants Coalition Oppose Repeal of Durbin Amendment

July 14, 2016

NATSO Members, Merchants Coalition Oppose Repeal of Durbin Amendment

Many NATSO members joined more than 120 companies representing a broad cross-section of the U.S. economy in urging Members of Congress to reconsider legislation that would repeal debit card fee reforms implemented under the Durbin Amendment of the Dodd-Frank Wall Street Reform Act.

NATSO, Merchants Coalition Oppose Repeal of Debit Reforms

July 6, 2016

NATSO, Merchants Coalition Oppose Repeal of Debit Reforms

NATSO joined more than 160 national and state trade associations representing retailers and employers, in voicing strong opposition to H.R. 5465 and language in the CHOICE ACT that would repeal the debit reforms in the 2010 financial services reform legislation known as the Durbin Amendment.

Kroger Sues Visa Over Signature vs. PIN in Debit Transactions

June 30, 2016

Kroger Sues Visa Over Signature vs. PIN in Debit Transactions

The lawsuit is just the latest in a series of lawsuits that large merchants have filed against credit card companies over restrictions on PIN authentication. NATSO continues to actively urge members of Congress to examine the payments system, arguing that PIN authentication is the most secure, cost-effective solution.

June 20, 2016

Debit Card Swipe Fee Reform is Under Attack

There is a coordinated effort underway to repeal debit card swipe fee reform known as the Durbin Amendment. This is a serious concern for the travel plaza and truckstop industry, which has benefited from the certainty, transparency, and competition that the Durbin Amendment provided into the debit card payment system market. If these efforts are successful, debit card swipe fees would likely skyrocket again.

Key Lawmaker Proposes Repeal of Durbin Amendment

June 10, 2016

Key Lawmaker Proposes Repeal of Durbin Amendment

Rep. Jeb Hensarling (R-Texas) Chairman of the House Committee on Financial Services, announced that he will introduce legislation in the coming weeks to overhaul significant parts of the Dodd-Frank financial regulations.

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