Electronic Payments Coalition
Recent News About Electronic Payments Coalition
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Managing Director of NERA on credit card competition act: ‘A decrease in credit card rewards is likely to be associated with a decrease in interchange fee revenue’
Alan Grant, Managing Director at NERA, said that a decrease in credit card rewards could correspond with a decline in interchange fee revenue, with variations in impact across different consumers.
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Edy’s Grocer owner on Credit Card Competition Act: 'Credit cards became our lifeline'
Edy Massih, owner of Edy's Grocer in Brooklyn, provided testimony to the Senate Judiciary Committee emphasizing the importance of credit access for his business.
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Analysis: Credit card regs opposed by IA bankers could lead to $227 billion loss in U.S. economic activity
Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion loss in U.S. economic activity and 156,000 lost jobs, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).
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Payments Group ‘applauds Congress for repudiating the experimental, draconian’ credit card regs opposed by Iowa bankers, credit unions
The Electronic Payments Coalition (EPC) said this week that it "applauds Congress" for ending the 118th Congress' legislative session without passing the "Credit Card Competition Act of 2023" (CCCA), a bill that is opposed by the Iowa Bankers Association (IBA) and Iowa Credit Union League (ICUL).
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Financial orgs joint letter to Sen. Grassley: 'To say that consumers will benefit from the Durbin-Marshall bill is inaccurate'
A group of financial organizations including the American Bankers Association, Electronic Payments Coalition, Consumer Bankers Association, and others, sent a joint letter to U.S. Sen. Charles Ernest "Chuck" Grassley and other members of the Senate Committee on the Judiciary in opposition of the proposed Credit Card Competition Act.
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Iowa Bankers Association: Proposed federal credit card regs would 'raise costs for consumers'
The Iowa Bankers Association (IBA) said that proposed federal credit card regulations would raise consumer costs and negative impact credit card rewards and other small business benefits.