Q&A on Credit Card Regulation
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
ATR Op-Ed in RealClearMarkets: “Credit Card Regulation Empowers the Fed to Restrict Consumer Choice”
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
ATR Opposes Credit Card Competition Act of 2022
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
Partisan FTC and DOJ Misconstrue Debit Card Landscape
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
Americans for Tax Reform Coalition Letter on the Durbin Amendment
Click here to view the full letter… Read More
ATR Op-Ed in RealClearMarkets: “Let’s Block Government Intervention In Market-Driven Payment Systems”
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
ATR Strongly Opposes Durbin Amendment Expansion to Credit Cards
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
ATR Op-Ed in The Hill: “The Durbin amendment is a disaster for banks — don’t expand it to credit cards”
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
Oppose Extension of Durbin Amendment to Credit Cards
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
ATR Leads Coalition to Prevent Further Expansion of the Durbin Amendment
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