Regulation News

PolicyWorks CEO: Credit Card Competition Act will affect people 'with challenging credit histories'
Justin Hupfer, CEO of PolicyWorks, expressed concerns that reducing interchange fees under the proposed Credit Card Competition Act would put pressure on card programs and limit credit access for individuals with low or no credit history.

Defense Credit Union Council to Sens. Grassley, Ernst: 'The Credit Card Competition Act is a misnomer—it does nothing to enhance competition'
The Defense Credit Union Council, which represents U.S. military credit unions, sent a letter to Iowa's U.S. Senators in opposition to proposed credit card regulations pending in the U.S. Senate.