The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who sponsored the re-introduction of the CCCA in June of this year, penned a missive to regulators on Capitol Hill to...
The developments around the collapse of FTX justify concerns that the crypto industry “is built to favor scammers,” U.S. Sens. Elizabeth Warren, D-Mass., and Dick Durbin, D-Ill., said in a letter sent to the current and former CEOs of the crypto exchange. In the letter dated...
Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor of more comprehensive rules, a press release from Warren said. Sens. Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Sheldon Whitehouse (D-R.I.),...
Dick Durbin is not very pleased with EMVCo. Ars Technica reports that, last week, the Illinois senator sent a strongly worded letter to the chip card consortium (whose member companies are American Express, Discover, JCB, MasterCard, UnionPay and Visa) with regards to its handling of...
October 08, 2024
U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions of credit and debit card transactions. Durbin, who is U.S. Senate majority whip and author of the Durbin Amendment, filed an amicus brief in support of the Illinois Interchange Fee […]
November 22, 2022
The developments around the collapse of FTX justify concerns that the crypto industry “is built to favor scammers,” U.S. Sens. Elizabeth Warren, D-Mass., and Dick Durbin, D-Ill., said in a letter...
August 10, 2022
Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor of more comprehensive rules, a...
May 17, 2016
Dick Durbin is not very pleased with EMVCo. Ars Technica reports that, last week, the Illinois senator sent a strongly worded letter to the chip card consortium (whose member companies...
