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.
Key Points
- Large corporations stand to gain billions from the bill
- Small businesses would see little to no benefit
- Credit card rewards programs are at risk
Cons
- Benefits large corporations at the expense of small businesses
- Jeopardizes credit card rewards programs
- Harms consumers and the economy