ABA: Illinois interchange law will ‘wreak havoc’ on payment systems
If enforcement of an Illinois law restricting interchange fees is not prevented before July 1, it will upend the debit- ...
Tag: Credit cards
ABA recommends revisions to CFPB credit card plan survey
The CFPB should revise a regular survey on credit card plans to undo changes made by the previous administration that ...
FTC issues ‘debanking’ warnings to payment companies
The Federal Trade Commission sent letters to four payment service providers to warn them from engaging in alleged “debanking” activities.
Colorado, Delaware advance bills to eliminate certain interchange fees
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as ...
Survey: ‘Buy now pay later’ use continues to grow
Survey also found that while bank-branded BNPL remains a small fraction of the overall market, customer satisfaction with the offerings ...
ABA survey: Americans want fintechs to follow bank rules
ABA survey found strong consumer support for requiring nonbank fintech companies to follow the same rules as banks, and for ...
How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
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, ...
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 ...
