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Michigan Credit Union League Home » Information Services » Publications » News Articles  

Heritage Foundation Calls for Repeal of Durbin Amendment   (Misc News: March 17, 2011)

The Heritage Foundation, a conservative think tank in Washington, has released a thorough and well-researched report saying the controversial Durbin amendment is “seriously flawed,” adding that it hurts consumers and “its effects would become even worse if the over-reaching Federal Reserve draft regulations are approved.”

The report calls for a complete repeal of the Durbin amendment, concluding that “Congress should not make it harder for consumers to spend their own money and manage their finances.” 

Click here to read the full report.


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