The American Fintech Council (AFC) has called on the U.S. Department of Education to clarify the implications of the Stop Student Debt Relief Scams Act of 2019 (Stop Act) on legitimate financial tools used by borrowers.
Electronic Payments Coalition Executive Chairman Richard Hunt expressed approval following the U.S. Senate's decision to exclude the Durbin-Marshall credit card mandate amendment from the GENIUS Act.
The Taxpayers Protection Alliance announced on X that new polling indicates Americans are concerned the Credit Card Competition Act could threaten the benefits, security, and trust millions rely on daily.
Jason Stverak, Vice President of Communications for the American Bankers Association, said that attaching the Credit Card Competition Act to the National Defense Authorization Act (NDAA) would pose a threat to military families and credit unions.
Brendan Pedersen, a financial services reporter for Punchbowl News, said that the Credit Card Competition Act was removed from the GENIUS Act process after Majority Leader John Thune limited new amendments.
The Republican Liberty Caucus Lake-Sumter has publicly opposed the Credit Card Competition Act (CCCA), describing it as an example of "classic Washington overreach."
Mike Neal, host and conservative commentator of the "Mike On The Right" podcast, said that the Credit Card Competition Act does not benefit consumers and fails to reduce prices.
Wayne DuPree, a political commentator and radio host of The DuPree Report, expressed concerns over the Credit Card Competition Act, stating that it benefits large retailers while harming families and small banks.
Lenders focusing solely on per-transaction fees might overlook the real factors increasing the total cost of acceptance, according to an upcoming webinar hosted by PayNearMe.
Last week, the Senate Banking Committee unveiled its portion of the "One Big Beautiful Bill (OBBB)," as President Trump's top policy priorities progress through Congress.
The American Fintech Council (AFC) has expressed its support for the Advancing the Mentor-Protégé Program for Small Financial Institutions Act, known as H.R. 3709.