"Durbin’s proposed interference in the credit card market will wallop consumers in three ways: they will lose rewards and cash-back programs; they will face higher annual fees; and they will be exposed to the potential of fraud through less-secure networks. None of this is speculation, as Durbin’s meddling with debit cards demonstrated exactly how banks respond when handcuffed in a competitive market."
Illinois is a total mess. Guess what happens when you elevate typical IL politicians to national positions–i.e. Senator Durbin? Yes, national decline….just like IL at the state level.
Riverbender
3 years ago
With Durban supporters it is more about EBT cards rather than credit cards.
Pat S.
3 years ago
Thanks, Dickie! Another blow to consumers.
Ddan
3 years ago
The $60 Billion in benefits to consumers are untaxed income. Greedy gov can’t abide by that.
Old Joe
3 years ago
Don’t change dicks in the middle of a screw, Vote for Durbin in 22!
Ming the Merciless
3 years ago
Dick Durbin, dumber than your average politician.
debtsor
3 years ago
Nonsense. It’s not a competitive market at all. Wal-Mart, Target and others have tried to break into the market, or go around it, because they pay MC and VISA billions and billions in interchange fees A YEAR, but because two companies control 80% of the market, there is no way to get into the market. Our fees are 7x higher than Europe. There’s a lot of monopolists anti-capitalist behavior in the marketplace, it’s rampant throughout our system, because the gov. for years beginning with Obama, turned a blind eye to trust law, and it’s about time we do things to… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Illinois is a total mess. Guess what happens when you elevate typical IL politicians to national positions–i.e. Senator Durbin? Yes, national decline….just like IL at the state level.
With Durban supporters it is more about EBT cards rather than credit cards.
Thanks, Dickie! Another blow to consumers.
The $60 Billion in benefits to consumers are untaxed income. Greedy gov can’t abide by that.
Don’t change dicks in the middle of a screw, Vote for Durbin in 22!
Dick Durbin, dumber than your average politician.
Nonsense. It’s not a competitive market at all. Wal-Mart, Target and others have tried to break into the market, or go around it, because they pay MC and VISA billions and billions in interchange fees A YEAR, but because two companies control 80% of the market, there is no way to get into the market. Our fees are 7x higher than Europe. There’s a lot of monopolists anti-capitalist behavior in the marketplace, it’s rampant throughout our system, because the gov. for years beginning with Obama, turned a blind eye to trust law, and it’s about time we do things to… Read more »
Don’t use them if you don’t like the terms of usage
Try renting a car, hotel room etc without one. Not possible