Today, Sens. Dick Durbin (D-Ill.), Roger Marshall (R-Kan.), Peter Welch (D-Vt.), and J.D. Vance (R-Ohio) reintroduced the Credit Card Competition Act (CCCA). Reps. Lance Gooden (R-Texas) and Zoe Lofgren (D-Calif.)… Read More

Chenzi Xu and Jeffrey Reppucci’s op-ed in The New York Times, “The Dirty Little Secret of Credit Card Rewards Programs,” (op-ed, March 4) weaves together a facile understanding of rewards. They point… Read More

On February 26, 2023, Townhall published an op-ed by ATR Federal Affairs Manager Bryan Bashur. The op-ed explains how legislation like the Credit Card Competition Act (CCCA) will… Read More

Americans for Tax Reform has been consistently opposed to government regulation of debit and credit card transactions.  Last year, ATR opposed the Credit Card Competition Act (117th Congress; S. 4674) because, if… Read More

via RealClearMarkets Instead of promoting competition, the Credit Card Competition Act of 2022 expands the power of the Federal Reserve to distort the supply and demand of the credit… Read More

Click here to read the full letter:… Read More

Americans for Tax Reform vehemently opposes the Credit Card Competition Act of 2022. The bill is sponsored by Senators Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.).  If enacted, the bill would… Read More

Partisanship and left-wing extremism epitomize the Biden administration. This has made it exceedingly difficult for the administration to finalize a deal with moderate Democrats on the multi trillion-dollar tax-and-spend package. Read More

Click here to view the full letter… Read More

via RealClearMarkets The federal government’s distortion of the payment transaction market has raised costs and reduced revenues for banks and credit unions while providing no benefits to consumers. If… Read More

The Durbin amendment is a federal government price control. It is in clear opposition to conservative policy and ideals.  Expansion of the Durbin amendment to credit cards will significantly harm… Read More

via The Hill Sen. Dick Durbin’s (D-Ill.) eponymous amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act is the epitome of unnecessary federal overreach. Now,… Read More

Ask yourself this: should the federal government intervene in negotiations between private parties? If you say no, then you should oppose the Durbin amendment and any extension of it to… Read More

Recently, a group of free-market organizations, led by Americans for Tax Reform Presidents Grover Norquist, sent a letter to Senate Banking Committee and House Financial Service Committee leadership opposing further attempts… Read More