Regulation News
National Payments Group: Hawley-backed credit card regs ‘anti-growth and dangerous for America’
Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion in economic activity and 156,000 job losses, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).
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.”