4+ hour, 8+ min ago  (1191+ words) A group of Democrats wants to know how credit agencies are using buy now, pay later data and what changes may be planned in the future. A group of Democratic U. S. senators is seeking information about how the three main credit…...

2+ week, 3+ day ago  (446+ words) Affordability is not just about the cost of credit," a former Treasury official writes. It is about whether credit is available at all." Melissa Koide is CEO and founder of Fin Reg Lab, a Washington nonprofit research organization that tests…...

2+ week, 4+ day ago  (603+ words) Three plaintiffs say a 2019 settlement in card fee litigation should not give the card networks years of legal immunity for antitrust claims. Three New York merchants want a federal judge to remove legal immunity for Visa and Mastercard from a…...

2+ week, 5+ day ago  (403+ words) The payments processing services company is the target of an unsolicited offer from an investor, just as it's trying to acquire another company. Nonetheless, Repay appears to have been standoffish when Forager first approached. The suitor said it was "disappointed…...

3+ week, 2+ hour ago  (1342+ words) A federal court is likely to weigh how much a proposed settlement over interchange fees differs from a pact that was rejected two years ago. A proposed settlement to end decades of litigation over card interchange fees faces uncertain odds…...

1+ mon, 3+ day ago  (517+ words) The Nilson Report's publisher explained how competition, merchants and court dynamics are influencing the evolution of interchange fees. During the March interview, Robertson, who also owns the firm, discussed how the networks have confronted new digital competitors, and incorporated rivals…...

1+ mon, 3+ week ago  (553+ words) While there is a 36% interest rate standard for lending in the U. S. , it's not codified for all consumers. Now, the effort to set one has moved to the states. Credit card issuers generally adhere to a 36% interest rate cap on balances,…...

3+ mon, 4+ hour ago  (715+ words) A U. S. judge ruled that federal bank law doesn't preempt an Illinois effort to ban card interchange fees on sales tax and tips. Bank groups vowed to appeal. A federal judge on Tuesday upheld an Illinois law that bans interchange fees…...

7+ mon, 2+ week ago  (457+ words) The credit card fintech will use the fresh capital to hire and bolster its work with clients Coinbase and Bilt, co-founder Michael Spelfogel said. Taking on large lenders that control much of the co-branded cards market, Cardless enables companies to…...