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Saturday, March 8, 2025

Old Dominion News Service News

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Economist: Credit card bill opposed by VA bankers ‘should really be called the Credit Card Anti-competition Act’

By Old Dominion News Service | Feb 14, 2025

An economist with the International Center for Law & Economics (ICLE) said that credit card regulations proposed in Congress would reduce competition among credit card issuers.

Medium kenleyyoung

NerdWallet Editor: Opponents of credit card regulations opposed by VA bankers say regs could ‘torpedo’ credit card rewards

By Old Dominion News Service | Feb 10, 2025

The managing editor of a financial services website wrote that opponents of credit card regulations proposed in Congress said the regulations could “torpedo” credit card rewards programs.

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Virginia one of 20 states, plus D.C. and Puerto Rico, that bans copay accumulators

By Old Dominion News Service | May 28, 2024

Virginia is one of twenty states, plus the District of Columbia and Puerto Rico, that bans copay accumulators.

Medium owdomwarnerkaine

VA Bankers Association: Proposed credit card regs would ‘likely mean the elimination or severe restrictions on credit card rewards programs’

By Old Dominion News Service | May 13, 2024

A spokesperson for the Virginia Bankers Association (VBA) said her organization is opposed to proposed credit card regulations pending in the U.S. Senate.

Medium grossmankahn

Financial Researcher: Virginians could see increase in credit card fraud under proposed credit card regulations

By Old Dominion News Service | Apr 25, 2024

Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA) could lead to an increase in credit card fraud.

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Report: Virginia ranked No. 22 for per-capita credit card fraud reports in 2023

By Old Dominion News Service | Apr 22, 2024

Virginia ranked No. 22 in the country for per-capita credit card fraud reports in 2023.