SCOOP: “A gift to Letitia James”: Conservative groups, credit union leaders come out against revised Credit Card Competition Act

SCOOP: “A gift to Letitia James”: Conservative groups, credit union leaders come out against revised Credit Card Competition Act

On January 23, Senators Dick Durbin (D., Ill.) and Roger Marshall (R., Kan.) introduced a new version of their Credit Card Competition Act (CCCA) that allows progressive state attorneys general to sue on behalf of residents. The revised CCCA has been added as an amendment to the Senate Agriculture Committee’s markup of the CLARITY Act, which is crypto-focused legislation, and has drawn fire from conservative groups and credit unions.  The Defens…

New bipartisan legislation targets credit card swipe fees

The bipartisan Credit Card Competition Act, reintroduced earlier this month, is supported by the restaurant industry but opposed by credit unions