Regulation News
Payments Group: Hawley-backed credit card bill ‘would force Americans’ credit cards to run on unknown, untested networks'
A spokesman for the Electronic Payments Coalition (EPC) said the proposed “Credit Card Competition Act” (CCCA), co-sponsored by U.S. Sen. Josh Hawley (R-Mo.), would “force Americans’ credit cards to run on unknown, untested networks.”
Financial Researcher: Missourians could see increase in credit card fraud under Hawley's 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), co-sponsored by U.S. Sen. Josh Hawley (R-Mo.), could lead to an increase in credit card fraud.
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