Impact of the Durbin Marshall Credit Card Bill on Consumer Security

The Durbin Marshall Credit Card Bill aims to change how credit cards are processed, permitting large corporate retailers to select processing networks. This shift poses significant risks to consumer data security, creating potential vulnerabilities as these networks may not be thoroughly tested. Additionally, while corporations stand to profit from these changes, individual consumers may bear the financial consequences, such as losing reward benefits tied to their credit card usage. Advocates argue that maintaining current processing systems is crucial for protecting consumer interests.