Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting ...
Tag: Credit cards
Fed: Noncash payments continue to grow, credit cards more frequently used
The number of noncash payments more than tripled since 2000, with credit cards now outpacing debit cards in growth in ...
ABA Viewpoint: Higher upfront APRs were a policy choice
Three key choices by lawmakers and regulators pushed credit card pricing toward higher annual percentage rates. Rate caps would have ...
NCUA adopts rule to assert federal preemption over state interchange laws
The NCUA is issuing an interim final rule to clarify the powers of federal credit unions to charge certain fees, ...
CFPB: Creditors may be required to check immigration status
Creditors may be legally obligated to check a consumer's immigration status for mortgage loans and credit cards, especially where removal ...
Colorado governor vetoes bill to restrict interchange fees
Colorado Gov. Jared Polis vetoed legislation to prohibit the collection of interchange fees for sales taxes, saying it presented too ...
Court rules federal law preempts Illinois interchange law
A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for ...
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent ...
ABA, plaintiffs ask court to quickly issue Illinois interchange fee decision on remand
ABA and other plaintiffs are asking a federal court to issue a decision by next week in a lawsuit seeking ...
OCC: Court should reverse Illinois interchange fee decision
The OCC is urging a federal court to reverse its decision upholding Illinois restrictions on interchange fees in light of ...
