House Financial Services Committee Articles

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NATSO, Trade Associations Press for Uniform Data Breach Law

February 15, 2018

NATSO, Trade Associations Press for Uniform Data Breach Law

NATSO joined trade associations representing more than a million businesses in telling Congress that any new federal law on data breach notification should apply to all industries that handle consumer data.

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 NATSO strongly supports the Durbin Amendment and is working to ensure that it is not repealed.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.

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.