ABA, associations urge lawmakers to reject Durbin-Marshall bill
By ABA Banking Journal Staff
AI Summary
• Credit card market intervention could reduce choice and increase costs for consumers and small businesses.
• Smaller institutions face economic challenges due to potential fraud risks.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The content is broadly about the impact of potential regulatory changes on credit card markets without a specific focus on Texas.
Original Content
Government intervention in the U.S. credit card market would harm consumers, small businesses and community-based financial institutions by reducing choice, increasing costs and fraud risks, and creating economic challenges for smaller institutions, the ABA and 10 financial sector associations said in a joint letter to Congress. The post ABA, associations urge lawmakers to reject Durbin-Marshall bill appeared first on ABA Banking Journal .