ABA urges Congress to reject CCCA
According to ABA, the Credit Card Competition Act would reduce card choice, increase fraud risks, reduce rewards, increase the cost ...
Tag: Credit cards
Sen. Marshall proposes to add Credit Card Competition Act to crypto bill
Sen. Roger Marshall (R-Kan.) has proposed an amendment to add credit card routing mandates to an unrelated bill on cryptocurrency ...
ABA, associations urge lawmakers to reject Durbin-Marshall bill
Government intervention in the U.S. credit card market would harm consumers, small businesses and community-based financial institutions by reducing choice, ...
ABA research: 159 million Americans could lose access to credit under 10% credit card rate cap
A proposed 10% federal credit card interest rate cap would significantly reduce access to credit for millions of consumers nationwide, ...
State legislatures enter their busy season
Bank advocates expect 2026 to be a hectic year for state legislation, with possible bills on interchange fees, fraud, AI ...
Democratic senators introduce bill to lower credit card late fee cap
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late ...
Nichols: Credit card rate cap would harm those it is meant to help
While the Trump administration’s concern about affordability is commendable, a proposed 10% cap on credit card interest rates would hurt ...
Two major newspaper editorial boards slam proposed 10% credit card rate cap
A proposed 10% cap on credit card interest rates would harm consumers by making credit less accessible and have negative ...
ABA, associations: Credit card routing mandate would make life less affordable for Americans
ABA joined nine bank and credit union associations in urging lawmakers to once again reject legislation that would impose new ...
ABA, associations respond to Trump’s call for credit card rate cap
President Trump’s proposal for a one-year cap of 10% on credit card interest rates would harm consumers and small businesses ...
