Office of Senator Richard Durbin
Recent News About Office of Senator Richard Durbin
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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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Iowa Credit Union League: Proposed credit card regs 'could have a negative impact on credit card security'
The Iowa Credit Union League (ICUL) said that proposed federal credit card regulations "could have a negative impact on credit card security" for customers.
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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.