Browsing: Payments

Newsbytes

Retailer-backed legislation creating new credit card routing mandates was left out of a bipartisan omnibus spending bill after a sustained grassroots campaign by the American Bankers Association and state banking associations warned lawmakers about the risks community banks faced had the proposal become law.

Newsbytes

Consumer credit demand declined in 2022 with most credit application rates stable or weakening, but a notable exception was a rise in credit card applications, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations Credit Access Survey, released today.

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