The Government Accountability Office (GAO) has released a report requested by Senator Dick Durbin and Congressman Lance Gooden concerning the government's use of credit cards.
The Illinois General Assembly has decided to delay the implementation of the Illinois Financial Protection Act (IFPA), a move that has been met with criticism from various stakeholders.
The Bank Policy Institute, Forcht Bank, and the Kentucky Bankers Association have filed a motion with the U.S. District Court for the Eastern District of Kentucky to vacate the Consumer Financial Protection Bureau's (CFPB) Section 1033 rule.
Last week, the American Financial Services Association (AFSA), along with other associations, endorsed a letter in support of the reconciliation bill in the U.S. House.
Last week, the American Financial Services Association (AFSA), alongside other associations, expressed opposition to Amendment 2239 to Senate Bill 1582 through a letter addressed to U.S. Senate leadership.
The Government Accountability Office (GAO) has released a report highlighting the advantages of credit and debit card payments for government agencies.
Jason Stverak, Chief Advocacy Officer for the Defense Credit Union Council (DCUC), expressed concerns that the Credit Card Competition Act could compromise cybersecurity by channeling transactions through unvetted, foreign-controlled networks.
Anthony Lamorena, a fellow for the R Street Institute, said the Credit Card Competition Act is based on a flawed premise that understates competition in the credit card network market.
Chris Merritt, a business owner at Merritt Roofing LLC, expressed concerns that the Credit Card Competition Act would benefit large corporations while negatively impacting small businesses like his.
JPMorganChase has announced the expansion of its affluent banking services with the opening of 14 new J.P. Morgan Financial Centers across California, Florida, Massachusetts, and New York.
Auto finance portals are not meeting customer expectations, with only 2% of industry websites and mobile apps providing a valuable digital experience, according to a recent study.
The Federal Reserve, along with a coalition of bank and business groups, has requested a pause in litigation concerning the Federal Reserve’s stress testing framework.
Bank of America Corporation has announced its decision to redeem all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes on June 12, 2025.
AFSA member companies reported a generally positive assessment of business conditions in the first quarter of 2025, according to the AFSA's Q1 Consumer Credit Conditions Index Survey (C3 Survey).
Corporate mega-stores are reportedly advocating for new mandates on Americans' credit cards, which some argue could lead to significant profits for large retailers while transferring costs and risks to consumers, small businesses, and community...