Criticism of the Durbin-Marshall Credit Card Bill

The Durbin-Marshall credit card bill is criticized for benefiting large corporate stores at the expense of small businesses and consumers. The bill threatens credit card rewards programs and could harm the travel and tourism industry. Senators Durbin and Marshall face opposition from various groups and industries.

Senate Impasse Over Credit Card Competition Act

Sen. Roger Marshall is reportedly holding up a must-pass spending bill for a vote on his and Sen. Dick Durbin's special interest credit card bill. Marshall is facing opposition from some Senate Republicans over his focus on the Credit Card Competition Act, which aims to inject more competition into payment processing. Critics argue that the bill would compromise payment processing security and kill credit card rewards programs.

Impact of the Durbin-Marshall credit card bill on small businesses and consumers

The Durbin-Marshall credit card bill is portrayed as helping small businesses but actually benefits large corporations, jeopardizes credit card rewards programs, and harms consumers and the economy. The airline industry opposes the bill due to its negative impact on travel benefits and the economy. Despite efforts by Senators Durbin and Marshall, the bill is seen as harmful and not in the best interest of the public.