Refuting a key claim of credit unions and community banks, a coalition of retailers told lawmakers that it would be illegal and impractical for them to treat debit cards from small issuers differently.
The Merchants Payments Coalition, which represents 20 retail groups, noted that its members have "no contractual or practical ability to treat debit cards issued by small financial institutions differently than those issued by large institutions.''
They pointed to an existing rule that imposes a $5,000 per day fine for violating the ban and noted that merchants can't always differentiate between big-bank and small-bank cards, since customers often swipe the debit card themselves.
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