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Pelican State News

Friday, April 11, 2025

Pelican State News Service News

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Defense Credit Union Council to Sens. Cassidy, Kennedy: ‘Community banks and credit unions will struggle to provide essential services’ under proposed credit card regs

By Pelican State News Service | Apr 4, 2025

The Defense Credit Union Council, which represents U.S. military credit unions, sent a letter to Louisiana's U.S. Senators in opposition to proposed credit card regulations pending in the U.S. Senate.

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Louisiana Bankers Association one of 50 state banking associations to oppose Durbin-Marshall credit card bill

By Pelican State News Service | Mar 11, 2025

The Louisiana Bankers Association {LBA} is one of fifty state banking associations to oppose the "Credit Card Competition Act."

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Economist: Credit card bill opposed by LA bankers ‘should really be called the Credit Card Anti-competition Act’

By Pelican State News Service | Feb 14, 2025

An economist with the International Center for Law & Economics (ICLE) said that credit card regulations proposed in Congress would reduce competition among credit card issuers.

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NerdWallet Editor: Opponents of credit card regulations opposed by LA bankers say regs could ‘torpedo’ credit card rewards

By Pelican State News Service | Feb 10, 2025

The managing editor of a financial services website wrote that opponents of credit card regulations proposed in Congress said the regulations could “torpedo” credit card rewards programs.

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Louisiana Credit Union Association: Federal credit card legislation ‘threatens to disrupt the financial ecosystem that supports Louisiana’s communities’

By Pelican State News Service | Jan 22, 2025

A spokesperson for the Louisiana Credit Union Association (LCUA) said an analysis released earlier this month shows that proposed federal credit card regulations backed by U.S. Sen. Josh Hawley (R-Mo.) would be "bad policy" for the state's banks and consumers.

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Louisiana one of 30 states that allows copay accumulators

By Pelican State News Service | May 28, 2024

Louisiana is one of thirty states that allows copay accumulators.

Medium kahnpapadimitriou

Report: Louisiana ranked No. 12 for per-capita credit card fraud reports in 2023

By Pelican State News Service | Apr 25, 2024

Louisiana ranked No. 12 in the country for per-capita credit card fraud reports in 2023.