Roger Marshall wrong about credit card bill and hurt consumers, banks

We’ve all sat through a bad movie or two, but most of us refrain from sitting through the same terrible experience twice.

Unfortunately, that’s exactly what came to mind for this rural Kansas community banker when I learned of a new proposal in Congress to let merchants control how banks process credit card transactions.

The proposal from Sen. Dick Durbin, D-Ill., And our home state Sen. Roger Marshall, R-Kan., Is an unfortunate sequel to a similar bill Sen. Durbin rammed through Congress in 2010 that mandated government intervention in debit card transactions. The Marshall-Durbin bill is a page copied directly out of the Dodd-Frank Act that has already devastated community banking.

It was bad policy then and even worse today for consumers, small businesses and community banks like mine.

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