Court issues partial injunction against Illinois law restricting interchange fees
A federal judge today ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national ...
Tag: Credit cards
ABA, state bankers associations blast lack of bank representation at credit card hearing
ABA and 52 state bankers associations criticized the leaders of the Senate Judiciary Committee for failing to include any representatives ...
CFPB issues legal warning about credit card rewards, releases comparison-shopping tool
The CFPB issued a legal warning about credit card rewards, published a new study on retail credit cards and unveiled ...
ABA urges Nacha to reject proposed changes to ACH network
ABA is urging Nacha to reject proposals to create a fourth same-day Automated Clearing House window and to accelerate funds ...
Kansas City Fed: Consumer credit cards show few signs of financial stress
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates ...
Texas court denies CFPB request to transfer credit card late fee lawsuit to D.C.
A federal judge in Texas refused a CFPB request to lift a preliminary injunction blocking the bureau’s credit card late ...
Survey: Financially unhealthy small businesses carry most credit card debt
More than half of U.S. small businesses are financially unhealthy, with a majority of those companies carrying revolving debt on ...
Bank survey: Holiday shoppers prioritize rewards, security in payments options
Debit and credit cards remain the top payment choices for holiday shoppers, with credit card users saying they value rewards ...
New York Fed: Credit demand held steady but rejection rates rose in 2024
Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply ...
Visa, Mastercard: Proposed credit card routing bill would jeopardize security, consumer choice
A proposed bill to impose new network routing mandates on banks that issue credit cards would put payments security at ...
