GuardYourCard

The value of YOUR credit card is under attack. Take action to GUARD YOUR CARD. Learn more:

[GuardYourCard @GuardYourCard]

Access to credit empowers small businesses to navigate financial challenges. The Durbin-Marshall Credit Card Bill restricts credit unions & community banks from providing services to small businesses on Main Street. Take action today and Guard Your Card! #GuardYourCard

[GuardYourCard @GuardYourCard]

Mandating price controls on the payments system won’t reduce costs —instead it’ll force new burdens onto small businesses and eliminate protections and perks for consumers. @AmericasCUs @CUInsight

https://t.co/LAgcHLJXfo

[GuardYourCard @GuardYourCard]

Maine’s small businesses can’t afford the risks that come with the Durbin-Marshall Credit Card Mandates.

These government mandates could undermine the fast, secure payment systems that local businesses and consumers rely on every day, threatening fraud protections, rewards programs, and consumer confidence.

Read Portland resident Bob Smyth’s LTE in @centralmenews:

https://t.co/I7cKLWar6f

[GuardYourCard @GuardYourCard]

@SenatorDurbin and @RogerMarshallMD’s credit card mandates are a risky government intervention that ignores how the payments system actually works.

“Reduce that revenue, and the math may not make sense anymore. Whenever you remove a load-bearing pillar of a structure, it stands to reason that stability becomes threatened.” — @christaylor_nyc in @CardRatesNews

Consumers shouldn’t have to risk fraud protections, access to credit, and rewards programs for a policy that offers no guarantee of savings at checkout.

https://t.co/PquEW7BIGg

[GuardYourCard @GuardYourCard]

@Visa CEO Ryan McInerney warns the Durbin-Marshall credit card mandates could weaken security protections, reduce credit access, eliminate rewards programs, and limit consumer choice, all while corporate mega-stores pocket billions.
Consumers shouldn’t have to pay the price for bad policy. @SenatorDurbin @RogerMarshallMD
https://t.co/uP84xBcqqC

[GuardYourCard @GuardYourCard]

🚨💳 Durbin-Marshall Credit Card Mandates would deliver huge savings to corporate megastores like @Walmart and @Target , while forcing small businesses to face more risk, weaker security, less access, and higher costs.

Congress should protect small businesses and oppose policies that threaten Main Street.
Read Eric Eisenhammer’s piece in the Sacramento Business Journal 👇

@RogerMarshallMD @SenatorDurbin @SenAlexPadilla @SenAdamSchiff

[Sacramento Business Journal @Sacbiz]

Our guest contributor argues the Credit Card Competition Act would put small businesses at a disadvantage to large, national retail chains. https://t.co/8mxDBrhJ65

[GuardYourCard @GuardYourCard]

@SenatorDurbin and @RogerMarshallMD’s credit card mandates threaten to repeat a dangerous cycle for community banks and the communities they serve.

“When community banks lose interchange revenue, costs fall on depositors through higher fees and reduced services, and on borrowers through tighter credit. Congress should not repeat the policy mistake of 2010.” - @LSU’s @prof_narayanan in

https://t.co/ztZEGuXuLG

[GuardYourCard @GuardYourCard]

Credit card mandates are exactly "the sort of top-down economic management that is driving opportunity elsewhere." –@ALEC_states’s @ajern321 and Joshua Meyer.

Illinois's local experiment is a warning for the nation.

@thecentersquare @GovPritzker
https://t.co/YG98pTuCeb

[GuardYourCard @GuardYourCard]

The Durbin-Marshall Credit Card Mandate is a reckless government intervention in the payments system with far-reaching consequences for consumers and local economies.

“If credit card rewards programs are weakened, reduced or fundamentally altered, consumer travel behavior will change for the worse. Even a modest reduction in travel incentives would mean fewer visitors to Maine. That means fewer hotel stays, fewer restaurant reservations and less spending at the local businesses that anchor our communities.” @KerriBickford with @sunjournal

https://t.co/nnQJ7ia3uF

[GuardYourCard @GuardYourCard]

Congress already tried government price controls on payment systems once and consumers paid the price. The Durbin-Marshall Credit Card Mandates would only do it again AND at a time when Americans can least afford it.

“In 2010, Congress passed what’s called the “Durbin Amendment,” which capped interchange fees on debit cards with the promise that savings would flow to consumers. Instead, something very different happened. According to the Federal Reserve Bank of Richmond, more retailers raised prices than lowered them after the cap took effect.”- @rightwave @PelicanInst with @thecentersquare

https://t.co/PHyrbgCMUC

[GuardYourCard @GuardYourCard]

“Scapegoating credit card companies for the cost of gasoline is nonsensical, and price controls will have adverse consequences when applied to credit cards as they did when applied to gasoline itself in the 1970s.” -Executive Director of @AmerComm, Jon Decker

https://t.co/OBSwfqe2R0

[GuardYourCard @GuardYourCard]

Credit card mandates will not lower prices. They would simply shift costs onto consumers, while corporate mega-stores pocket billions.

https://t.co/yVxvFVEtSE

[GuardYourCard @GuardYourCard]

The Durbin-Marshall Credit Card Mandates Bill does not just threaten rewards; it threatens security, too.

After the 2010 Durbin Amendment passed for debit cards, fraud spiked by 60 percent. Routing transactions through third-party networks adds new vulnerabilities that criminals can exploit.

This policy delivers fewer rewards, weaker security, and higher fees.

https://t.co/ji0ITR4Hht

[GuardYourCard @GuardYourCard]

Credit card mandates bring real consequences to IL consumers.

“Illinois consumers may not see differences at the register, but the consequences will manifest elsewhere — including fewer rewards and benefits, higher banking fees, tighter credit access and less favorable account terms.” - @SSwedberg57 @ceidotorg

https://t.co/xMaAoen7Rg

[GuardYourCard @GuardYourCard]

A new coalition is sounding the alarm on the Durbin-Marshall Credit Card Mandates Bill.

Consumers who earn credit card rewards book 15 million domestic flights every year with their points. These credit card mandates threaten to wipe out those benefits.

https://t.co/DNDVKszaik

[GuardYourCard @GuardYourCard]

31 MILLION Americans use airline travel rewards credit cards, and more than half of frequent flyer miles are generated by credit card use.

The Durbin-Marshall Credit Card Mandates Bill puts those rewards at risk, and travelers will pay the price.

https://t.co/Ip2jDp7uB9

[GuardYourCard @GuardYourCard]

Durbin-Marshal shifts power to huge corporate megastores — at the expense of local banks and small businesses.

“For Montana banks, that lost revenue would translate directly into fewer small business loans, tighter credit standards, and less flexibility for agricultural producers who depend on operating loans to get through the year.” - Montana State Senator, Bruce Gillespie. @SteveDaines @TimSheehyMT

https://t.co/ACsChux78K

[GuardYourCard @GuardYourCard]

Consumers and small businesses lose under Durbin-Marshall.

Studies show rewards would shrink and access to credit would be reduced — cutting spending at small businesses and slowing local economies. Durbin-Marshall is a cost communities simply can’t afford.

https://t.co/QcyZw3cHtM

[GuardYourCard @GuardYourCard]

"Governor Polis can prevent Colorado from experiencing the same card chaos currently happening in Illinois by vetoing the deeply flawed, unworkable, and federally preempted legislation pushed through by corporate mega-stores." —EPC Executive Chairman Richard Hunt

https://t.co/Qh84BGPJVQ

[GuardYourCard @GuardYourCard]

"IFPA remains unworkable, disruptive, and a recipe for confusion for consumers, small businesses, community banks, and credit unions." —EPC Executive Chairman Richard Hunt

https://t.co/y9pQaowTp6

[GuardYourCard @GuardYourCard]

A July 1 deadline is approaching fast. IFPA threatens new compliance costs and operational disruption for Illinois community banks and credit unions while giving major retailers a windfall. Repeal IFPA now. https://t.co/KbXoFTEhuM