Harmful Credit Legislation Targets Main Street

The following content is sponsored by the Electronic Payments Coalition.

Any time you take a stroll through a beautiful, charming small town Main Street, the bustling mom-and-pop shop storefronts should serve as a reminder of how crucial small businesses are to the U.S. economy.

Unfortunately, Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) are wreaking serious havoc on the financial future of the small business economy and the hardworking Americans who keep it running. Their proposed credit card legislation would restrict card issuers’ ability to fund rewards programs, financially harming American families and benefiting those who don’t need it: corporate mega-stores like Walmart and Kroger.

A recent Electronic Payments Coalition study found that nearly 70 percent of working-class American cardholders utilize rewards cards. While all cardholders prefer…

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