This week, a coalition of 11 trade associations from the financial services industry expressed strong opposition to proposed legislative measures aimed at expanding federal government control over the U.S. credit card market.
On March 24, 2025, a coalition of financial trade associations filed a letter warning against legislative initiatives that would increase federal government intervention in the U.S. credit card market.
From small businesses to national parks, the transition to electronic payments is making operations more efficient and secure while also reducing costs.
Electronic Payments Coalition Executive Chairman Richard Hunt has voiced support for the new House Financial Services Committee Chair, French Hill, regarding his opposition to the Durbin-Marshall credit card mandates.
Electronic Payment Coalition Executive Chairman Richard Hunt has voiced concerns over proposed legislation from Senators Bernie Sanders and Josh Hawley.
New EU-style mandates on American credit cards are expected to benefit large corporate mega-stores, potentially disadvantaging Main Street businesses, consumers, credit unions, and community banks.
Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion in economic activity and 156,000 job losses, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).
New research by Oxford Economics Research indicates that the Durbin-Marshall credit card bill, introduced in 2023, could lead to a $227 billion reduction in U.S. economic activity and result in approximately 156,000 job losses.
The Electronic Payments Coalition (EPC) has expressed approval following the conclusion of the 118th Congress's legislative session, during which the Durbin-Marshall Credit Card Bill was not advanced.
Electronic Payments Coalition Executive Chairman Richard Hunt has criticized the Consumer Financial Protection Bureau (CFPB) for its recent circular on credit card reward programs.
EPC Executive Chairman Richard Hunt has expressed support for Congressman French Hill following his election as the new Chairman of the House Financial Services Committee.
A coalition of financial organizations including the American Bankers Association, Electronic Payments Coalition, Consumer Bankers Association, and others, sent a joint letter to the Senate Committee on the Judiciary in opposition of the proposed Credit Card Competition Act.
A recent analysis by the Electronic Payments Coalition (EPC) has highlighted the significant economic impact that electronic payments will have on Cyber Monday, one of the biggest online shopping days of the year.
The Wall Street Journal Editorial Board has published an op-ed criticizing the Durbin-Marshall Credit Card Bill, which is being pushed by Senator Dick Durbin.