Richard Hunt, the executive chairman of the Electronic Payments Coalition (EPC), said at a Breitbart News policy event last week that Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) are trying to take away your credit card rewards with their credit card legislation.
Hunt explained that the EPC represents a diverse group of organizations, including credit unions, community banks, large banks, and unions. He warned that two senators, Durbin and Marshall, are moving to take away credit card rewards, which many Americans use for cashback or even to pay for travel for vacation.
Marshall and Durbin have been pushing the Credit Card Competition Act (CCCA) for years. Hunt dubbed it the “Credit Card Cancellation Act,” noting that some large retailers have backed the bill.
Read more: Consumer Advocate: Dick Durbin, Roger Marshall Looking to Take Away Your Credit Card Rewards
