Regulation News

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

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