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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 alter the landscape of credit cards to where multibillion-dollar retailers would gain significant control of payment processing at the expense…

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. What is important to note though is that this partisanship extends beyond the doors of the White House and is…

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 consumers, community banks, and credit unions.  ATR has produced several publications and documents outlining the harmful effects of the Durbin…

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 credit cards. That is exactly what it is, encroachment of the federal government into private business. The Durbin amendment is…

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 to expand the Durbin Amendment. Retail trade associations have continued to ask for further carve outs and price controls from…