Molly Wilkinson

Executive Director, Electronic Payments Coalition

Molly Wilkinson is executive director of the Electronic Payments Coalition. The Electronic Payments Coalition (EPC) includes credit unions, community banks, and payment card networks that move electronic payments quickly and securely between millions of merchants and millions of consumers across the globe.

Congress Should Repeal the Durbin Amendment on Debit Card Transactions

Policymakers in Washington regularly trigger the law of unintended consequences, hurting the very people they profess to help. A prime example is the Durbin Amendment, a last-minute addition to the Dodd-Frank Act that placed the Federal Reserve in charge of pricing debit-card transactions and established new rules for how those transactions are routed.

Retailers Are Back, Begging for More

Retailers are once again making the rounds on Capitol Hill this week asking for another handout from Congress. Despite their annual $8 billion windfall—a direct result of the last-minute Durbin Amendment to the Dodd-Frank Act—they are looking for even more money  under the false pretense that consumers will benefit. It’s an empty promise, and we’ve […]