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