The Durbin Amendment requires the credit card companies to be competitive and allows us to deliver an option to our customers.
I wish you would.
The amendment proposed by Senator Durbin addresses certain direct costs for payment card acceptance.
If we do not take steps to reasonably regulate this system, a dollar will not be worth a dollar anymore.
Opening Statement of Senator Richard J. Durbin
We need to step back and recognize the reality of the situation: Visa and MasterCard and their big bank allies want credit and debit cards t...
For the record, the Visa/MasterCard duopoly controls about 80 percent of the credit card market.
Well, I understand your limits in speaking about that investigation, and I respect them very much.
I was concerned that the advocacy is leading to conduct, and specifically my concern is this: Under the amendment, which passed the House of...
I am not going to go any further or ask you to comment because you have said that this matter is under investigation.
I might also tell you that in the course of having passed this amendment, much to the surprise and chagrin of the credit card companies, the...