Federal court partially upholds Illinois interchange fee law
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, ...
Tag: Credit cards
Fed survey: Lending standards tightened for commercial loans in Q4
Banks expect lending standards generally to remain unchanged and demand to strengthen across all loan categories in 2026. Banks also ...
Reports: Sen. Marshall to drop credit card routing mandate amendment to crypto bill
Sen. Roger Marshall (R-Kan.) no longer plans to offer an amendment to add credit card routing mandates to an unrelated ...
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 ...
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 ...
