Impact of Congressional Bill on Small Businesses and Consumers
The Electronic Payments Coalition opposes a bill in Congress pushed by Senators Durbin and Marshall, claiming it would hurt small businesses and benefit large retailers. Studies show that the bill could lead to small businesses losing out on rewards while large retailers benefit financially. The bill is criticized for potentially increasing consumer data security risks.
Key Points
- Opposition to bill by Electronic Payments Coalition
- Studies show negative impact on small businesses and consumers
- Criticism of potential effects on data security
Cons
- Hurts small businesses
- Benefits large retailers financially
- Could increase consumer data security risks