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Feb 20, 2012, 05:00 ET Ipsos Survey: Only 7% Think Most Retailers Are Passing Along Savings from Lower Debit Card Fees to Consumers

According to an Ipsos Public Affairs survey released today, only seven percent of respondents believe most retailers are passing their savings on to...


Dec 08, 2011, 09:05 ET New Research Shows Retailers Pocketing Savings from Durbin Amendment

Consumers are getting a lump of coal this year from giant retailers. According to new field research released today, at least 76 percent of retailers ...


Oct 12, 2011, 01:56 ET Electronic Payments Coalition Announces Support of House Bill to Repeal Harmful Durbin Amendment

Today, the Electronic Payments Coalition announced its support for bipartisan legislation introduced in the House of Representatives to repeal the...


Sep 29, 2011, 08:14 ET Electronic Payments Coalition: Two Days Before Implementation, Durbin Amendment's Harmful Consequences Continue

Electronic Payments Coalition spokeswoman Trish Wexler issued the following statement today regarding Senator Dick Durbin's (D-IL) remarks on the...


Jun 29, 2011, 05:42 ET Electronic Payments Coalition Statement on Final Fed Debit Card Rule: Consumers Will Pay More While Retailers Profit

Today, the Federal Reserve issued its final rule on the Durbin amendment. The rule fixes the price of debit interchange at 21 cents per transaction...


Jun 08, 2011, 03:00 ET Electronic Payments Coalition: Senate Fails to Protect Consumers, Community Banks and Credit Unions From Effects of Durbin Debit Card Price Caps

Today, by a vote of 54-45, the U.S. Senate failed to pass a compromise version of the Debit Interchange Fee Study Act as an amendment of the Economic ...


May 24, 2011, 09:00 ET Electronic Payments Coalition: In Michaels Fraud Dispute, Banks Once Again Pick Up the Tab

The Electronic Payments Coalition issued the following statement in response to the recent Michaels data breach: Michaels craft stores urged...


May 18, 2011, 07:29 ET Tester Stands Up for Consumers, Offers Debit Card Compromise

On the Senate floor today, Senator Jon Tester (D-MT) announced that he would amend his Debit Interchange Fee Study Act (S. 575) to shorten the study...


May 12, 2011, 05:24 ET On the Eve of Implementation, Fed Chairman Bernanke and FDIC Chairman Bair Still "Concerned" that Debit Card Rule Exemption for Small Financial Institutions Won't Work

In testimony before the Senate Banking Committee today, Federal Reserve Chairman Ben Bernanke acknowledged that there is "good reason to be...


Mar 15, 2011, 12:51 ET Electronic Payments Coalition Announces Support of Senate Bill to Delay and Study Federal Reserve Debit Card Rule

Today, the Electronic Payments Coalition announced its support of the Debit Interchange Fee Study Act (S. 575), introduced by a bipartisan group of...


Mar 02, 2011, 05:13 ET Fed Debit Card Rule Will Harm Credit Unions, Community Banks

Today, the House Subcommittee on Financial Institutions and Consumer Credit held a hearing to examine the consequences of the Dodd-Frank Act on small ...


Feb 22, 2011, 01:50 ET Every Major National Bank and Credit Union Trade Association Joins to Urge Fundamental Revision of Federal Reserve's Debit Card Rule

An unprecedented coalition of every major U.S. bank and credit union trade association today strongly urged the Federal Reserve to fundamentally...


Feb 17, 2011, 05:56 ET Federal Reserve Chairman Ben Bernanke Acknowledges That Federal Reserve Debit Card Rule Could Hurt Consumers, Small Financial Institutions

Today, Federal Reserve Chairman Ben Bernanke confirmed during testimony before the Senate Banking Committee that the Federal Reserve debit card rule...


Jan 13, 2011, 01:29 ET Electronic Payments Coalition Statement on Impact of Durbin Amendment on Small Financial Institutions

Recent media reports have mischaracterized the impact of a so-called "carve out" for community institutions from the Federal Reserve's proposed rule...


Dec 16, 2010, 05:02 ET Federal Reserve Confirms: Consumers Could Pay for $16 Billion Retailer Windfall

Today, the Electronic Payments Coalition issued the following statement in response to the Fed issuing its draft rule on debit interchange rates: The ...


Oct 12, 2010, 05:30 ET Electronic Payments Coalition Statement on TCF Bank Lawsuit Challenging Durbin Amendment

From the very beginning, the interchange battle has been a blatant attempt by giant retailers to take advantage of an unstable economic and political ...


Jun 29, 2010, 06:31 ET Brace Yourselves, Consumers: How Financial Regulatory Reform Will Impact You

Tomorrow, the U.S. House of Representatives is expected to vote on a sweeping overhaul of financial regulations – but Wall Street won't be the only...


Jun 21, 2010, 06:16 ET Electronic Payments Coalition Responds to Proposed Changes to Interchange Amendment

The Electronic Payments Coalition issued the following statement in response to the proposed changes to Senator Dick Durbin's debit interchange...


Jun 14, 2010, 06:56 ET U.S. Treasury's Financial Management Service Concludes: Federal Government Should Negotiate, Not Regulate

The Electronic Payments Coalition issued the following statement in response to today's release of a report on interchange fees paid by the federal...


Jun 10, 2010, 11:37 ET CEOs Make First-Ever Joint Appearance to Express Opposition to Debit Amendment

In an historic joint appearance on Wednesday, the CEOs of the Credit Union National Association (CUNA), Independent Community Bankers of America...


May 10, 2010, 01:39 ET Durbin Amendments Would Harm Consumers, Small Financial Institutions

In a letter sent to every member of the U.S. Senate, four associations representing more than 16,000 small financial institutions expressed serious...


Apr 28, 2010, 10:08 ET Statement of the Electronic Payments Coalition on H.R. 2695

The Electronic Payments Coalition is pleased to submit the following statement on the House Judiciary Committee hearing on H.R. 2695: The Electronic...


Mar 16, 2010, 02:11 ET Vermont State Legislators Proposing an Assault on Consumers Who Pay With Debit, Credit, Charge

In response to an amendment to S. 138 being introduced today in the Vermont Senate, the Electronic Payments Coalition has issued the attached...


Feb 25, 2010, 05:11 ET Senator Arlen Specter Poised to Introduce Legislation That Would Force Consumers to Pay More for Debit, Credit

The office of Senator Arlen Specter (D-PA) has indicated to Pennsylvania banks that he will be introducing legislation "imminently" that will shift...


Feb 25, 2010, 01:14 ET Electronic Payments Coalition Statement on Chairman Barney Frank's Announcement That His Committee Will Not Review Interchange Fee Legislation This Year

The Electronic Payments Coalition issued the following statement in response to House Financial Services Committee Chairman Barney Frank's...