WebAug 20, 2024 · Sens. Roger Marshall, R-Kan. and Dick Durbin D-Ill, have introduced Senate Bill 4674, legislation expanding government routing mandates to the credit card market. It … WebReport Content of Specific Issue Field; Issues related to payments marketplace, stable coin, competition, transparency S. 4674/H.R. 8874 - Credit Card Competition Act Durbin-Marshall amendments to S.4543, National Defense Authorization Act for Fiscal Year 2024: Credit Card Competition Act, Study use of swipe fees at military commissaries; H.R. 2617, FY2024 …
Banker op-ed: Durbin-Marshall credit card bill will hurt …
WebS4674 US Congress 2024-2024 A bill to amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes. TrackBill US Congress S4674 Summary Actions (2) Sponsors (2) Full Texts (2) Committee WebAug 12, 2024 · Published August 12, 2024 The Durbin-Marshall Bill (S. 4674) is currently on the Senate floor. If passed, this bill will allow retailers to pick and choose which network – … custom ak74u
What They Are Saying: Community Banks and Credit Unions Oppose Marshall …
WebAug 22, 2024 · We, the undersigned organizations, oppose the inaccurately named Credit Card Competition Act of 2024[1] (S. 4674). The bill is a backdoor price control, and extension and expansion of the Durbin amendment as enacted in the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203). WebAug 31, 2024 · A bi-partisan bill co-authored by Senators Dick Durbin and Roger Marshall seeks to limit the duopoly of Visa and Mastercard over interchange fees. The act would allow the Federal Reserve to mandate that card-issuing banks of more than $100 billion in assets offer merchants a choice of at least two networks over which an electronic credit ... WebOct 3, 2024 · U.S. Senate U.S. Senate 711 Hart Senate Office Building 479A Russell Senate Office Building Washington, D.C. 20510 Washington, D.C. 20510 Dear Senators Durbin and Marshall: On behalf of NFIB, the nation’s leading small business advocacy organization, I write in support of S. 4674, the custom ak beta spetsnaz