Debit swipe fee reform is under attack on multiple fronts. On Tuesday, June 14, Representative Randy Neugebauer (R-TX) introduced H.R. 5465, a bill to repeal the Durbin Amendment. This bill followed House Financial Services Chairman Jeb Hensarling’s (R-TX) proposal to include a repeal of the Durbin Amendment in his “Financial CHOICE Act.” Debit swipe fee reform has provided much needed relief for retailers and has brought competition into a market historically void of it. If the efforts of Reps. Neugebauer and Hensasrling are successful, debit swipe fees will skyrocket once again. This is why we need your voice on this critical issue!
In just two minutes, you can send a letter NACS has drafted on your behalf to urge your Representative to oppose these bills and any efforts to repeal debit swipe fee reform.