Congress

Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
October 12, 2022  |  Credit Cards

A last-minute bipartisan effort to package a credit card swipe fee amendment into a larger spending bill was ultimately unsuccessful. Sen. Dick Durbin (D-Ill.) and...

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The Unintended Consequences of Durbin’s Proposed Routing Legislation
The Unintended Consequences of Durbin’s Proposed Routing Legislation
October 10, 2022  |  Credit Cards

It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange. The latest attempt, spearheaded...

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SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
October 06, 2022  |  CBDC

Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How...

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Hopes for Crypto Regulations Fade as Midterm Elections Approach
Hopes for Crypto Regulations Fade as Midterm Elections Approach
October 05, 2022  |  Cryptocurrency

Neither the House of Representatives nor the Senate will pass a crypto regulation bill before the elections next month. That’s a pretty safe prediction, given...

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House Approves Scaled-Down Bipartisan Bill Targeting Big Tech Mergers
House Approves Scaled-Down Bipartisan Bill Targeting Big Tech Mergers
September 30, 2022  |  ANTITRUST

A bipartisan bill targeting Big Tech dominance passed the House of Representatives by a 242-184 vote on Thursday (Sept. 29) but in a scaled-down version...

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DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022  |  Security & Fraud

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot...

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Smart Crypto Policy Can Protect Dollar’s Dominance, Experts Tell House Panel
Smart Crypto Policy Can Protect Dollar’s Dominance, Experts Tell House Panel
September 21, 2022  |  Regulation

If the U.S. is to maintain its economic and political leadership in the 21st century, one thing it cannot do is lose control of the...

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House Bill Would Ban Algorithmic Stablecoins for 2 Years
House Bill Would Ban Algorithmic Stablecoins for 2 Years
September 21, 2022  |  Regulation

The latest version of an on-again, off-again House bill regulating stablecoins would place a two-year ban on dollar-pegged digital assets like TerraUSD, which collapsed in...

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Lawmakers Debut House Version of Credit Card Competition Act
Lawmakers Debut House Version of Credit Card Competition Act
September 19, 2022  |  Credit Cards

A pair of U.S. congressmen have introduced the House companion to the Senate’s Credit Card Competition Act of 2022, designed to bring more choice to...

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