ABA, associations reiterate opposition to Credit Card Competition Act
ABA joined nine associations representing banks, credit unions and payment providers in restating their opposition to the Credit Card Competition ...
Tag: Credit cards
Judge grants CFPB’s request for more time to resolve late fees case
Federal judge Mark Pittman today granted the Consumer Financial Protection Bureau a 30-day pause in the challenge brought by ABA ...
ABA, associations: House bill to cap credit card rates would hurt consumers
A House bill that would cap credit cards’ annual percentage rate at 10% would severely restrict the availability of such ...
Why price controls on credit cards harm consumers
Capping interest rates is a step backward for the American economy and consumers. Many existing cardholders will lose access to ...
FS-ISAC releases guidance on quantum computing risks for credit card industry
FS-ISAC has released a series of papers on the challenges and threats posed by quantum computing for the payment card ...
ABA, state bankers associations warn credit card rate cap would cause economic harm
A Senate bill to cap the annual percentage rate for credit cards at 10% would have a devastating effect on ...
New York Fed: Household debt increased $93B in Q4
Total household debt increased by $93 billion, or 0.5%, in the fourth quarter 2024 to $18.04 trillion, the Federal Reserve ...
ABA, associations warn credit card rate cap would hurt consumers
A proposed bill to create an all-in annual percentage rate cap of 10% for credit cards would harm the very ...
Sanders, Hawley introduce bill to cap credit card interest rates
Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced legislation to cap credit card interest rates at 10%, as suggested ...
Treasury Secretary nominee pressed on bank regulation, credit card fees
During a confirmation hearing, Bessent called for less regulation on banks and criticized credit card companies, although he stopped short ...
