Hayden Cole, Director of Federal Government Affairs at the American Fintech Council (AFC), released a statement regarding the recent hearing by the House Financial Services Subcommittee on Financial Institutions.
As discussions on credit and debit card transactions continue, the Merchants Payments Coalition (MPC) has shared figures on social media that suggest a significant impact on retail sales driven by card payments.
U.S. Senators Elizabeth Warren and Patty Murray have called on the Inspector General of the Department of Housing and Urban Development (HUD) to investigate the alleged delay of disaster relief funding under the Trump Administration.
Sarah Flowers, senior vice president and senior associate general counsel of regulatory affairs at the Bank Policy Institute (BPI), is set to testify before the U.S. House Subcommittee on Financial Institutions and Monetary Policy.
U.S. Senator Elizabeth Warren and Congresswoman Maxine Waters have called for an investigation into the Board of the National Credit Union Administration (NCUA) following the alleged illegal firings of two of its members by President Trump.
AFSA's State Government Affairs team recently submitted a comment letter to the Rhode Island Senate Committee on Commerce about Senate Bill 17, aimed at addressing "junk fees" and deceptive pricing practices.
Ling Ling Ang, managing director of NERA Economic Consulting, has expressed concerns that lowering interchange fees may lead to reduced rewards for credit card users and increased costs for consumers unable to switch providers.
U.S. Senator Elizabeth Warren and her colleagues have raised concerns with the Federal Deposit Insurance Corporation (FDIC) regarding defense measures for bank deposits amid actions by the Department of Government Efficiency (DOGE), led by Elon Musk.