Political Quotes

“I continue to receive letters weighing in on the issue of interchange fee reform. I ask unanimous consent to have printed in the Record letters or statements from the following organizations: the Rainbow PUSH Coalition, the Main Street Alliance, Consumer Federation of America, and the National Black Church Initiative. There being no objection, the material was ordered to be printed in the Record, as follows: April 1, 2011. Dear Senator: The Rainbow PUSH Coalition expresses its views on the Durbin swipe fee reform amendment now being debated in the Congress. Rainbow PUSH is a strong advocate of the Dodd-Frank financial reform legislation which provides critical consumer protections and safeguards against predatory lending. The Durbin swipe fee reform amendment should be implemented as scheduled. It will usher in needed reform to bring competition, transparency and choice to the interchange system, and provide incentives for the retail sector to pass on interchange savings to lower the price of products for consumers. Numerous consumer rights organizations, civil rights groups, universities, unions, and other constituencies have weighed in to support swipe fee reform. We respect the concerns that some groups have raised about the provision, but are unconvinced that a delay in its implementation as proposed by Sen.…”