Regulation News

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

VA Bankers Association: Proposed credit card regs would ‘likely mean the elimination or severe restrictions on credit card rewards programs’
A spokesperson for the Virginia Bankers Association (VBA) said her organization is opposed to proposed credit card regulations pending in the U.S. Senate.