Oct 19, 2022
John and Glen discuss the Credit Card Competition Act, the
lessons that can be gleaned from “Durbin 1.0”’s impact on debit,
the potential impact on credit interchange, and possible
workarounds. Also, John declares body parts in his checked
baggage.
Links related to this episode:
The FII Institute: https://fii-institute.org/
BAI’s take on the implications of
Durbin 2.0:
https://www.bai.org/banking-strategies/article-detail/whats-next-if-durbin-2-0-becomes-law/
Business Insider’s take on the political machinations: https://www.businessinsider.com/personal-finance/credit-card-competition-act-good-veterans-bad-for-rewards-2022-10
CUNA’s stance on attempts to attach the bill to the National
Defense Authorization Act: https://news.cuna.org/articles/121611-financial-services-trades-to-congress-ndaa-shouldnt-be-a-payday-for-retailers
Payment Dive’s update on the latest twist that may keep interchange
out of the NDAA: https://www.paymentsdive.com/news/credit-card-payments-competition-bill-durbin-congress-defense-spending-bill/633904/
Join us live every other Wednesday at 3pm ET/Noon PT for the CU
Town Hall, an interactive discussion of the most pressing issues
facing credit unions: https://www.cutownhall.com/
Follow the Best Innovation Group on Twitter: @bigfintech
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech