Roger Marshall Holding Spending Bill Hostage over Special Interest Credit Card Bill Instead of Focusing on Migrant Crisis

Sen. Roger Marshall is reportedly holding up a must-pass spending bill for vote on his and Sen. Dick Durbin’s special interest credit card bill.that Marshall has “hotlined” an amendment on the Credit Card Competition Act as the Senate’s minibus spending bill, which contains half of the must-pass spending bills. Hotlininga commitment to hold a hearing on his credit card bill and that this is facing opposition from some Senate Republicans.

Durbin and Marshall hope that their bill will inject more competition into payment processing by requiring banks to work with at least one alternative payment network besides Visa and Mastercard, the dominant players in the industry. Critics of the bill contend that it would, in addition to severely compromising the security of payment processing, kill credit card rewards programs.Visa credit cards are seen on Aug. 11, 2019, in New Orleans. Payment processor Visa Inc. said late Saturday, Sept.

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Potential Impact of Durbin-Marshall Bill on Frequent Flyer PointsThe Durbin-Marshall bill could dramatically change the way credit cards and rewards programs work, potentially leading to the disappearance of frequent flyer points. The airline industry and opponents of the bill argue against its passing, highlighting the harm it could cause to the travel and tourism industry and the U.S. economy.
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Durbin and Marshall Threaten Takedown of Airline Loyalty Programs Over Credit BillSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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