Community banks and credit unions across the United States have expressed their opposition to the Durbin-Marshall proposal. The financial institutions argue that investing in new technologies and establishing national data security standards will lead to a more robust payment system.
A statement from the group emphasized, "We believe investing in new technologies and legislating national data security standards will create a stronger payment system."
The coalition of community banks and credit unions is advocating for measures that they believe will enhance the security and efficiency of payment systems nationwide.