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.
American Banker recently published an op-ed authored by leaders from three major trade associations: Rob Nichols of the American Bankers Association (ABA), Jim Nussle of America’s Credit Unions, and Rebeca Romero Rainey of the Independent...
A recent study conducted by the University of Miami's School of Finance has analyzed the potential impact of the Durbin-Marshall Credit Card Bill and similar state-level interchange legislation on community banks and credit unions.
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 Government Accountability Office (GAO) has released a report highlighting the advantages of credit and debit card payments for government agencies.
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...
Electronic Payments Coalition Executive Chairman Richard Hunt has issued a statement in response to Senator Roger Marshall's (R-KS) introduction of the Durbin-Marshall Credit Card Mandates as an amendment to the GENIUS Act.
A recent study from the University of Miami's School of Finance has analyzed the potential impact of proposed mandates in the Durbin Marshall Credit Card Bill and similar state-level interchange legislation.
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.
Corporate mega-stores are advocating for mandates on credit cards that may benefit large retailers at the expense of consumers and smaller financial entities.
This week, 11 trade associations from the financial services industry, including the American Bankers Association and America's Credit Unions, expressed their opposition to proposed credit card mandates in a joint letter to Congress.
The ongoing debate surrounding credit card mandates continues, with the Merchant Payments Coalition recently directing criticism at credit card companies for challenges faced by Washington, D.C. restaurants.