C|C Payments Blog

Payments News Update – July 17, 2026

Legal and Regulatory Developments SPOTLIGHT: New York Regulator Proposes Licensing Rules for BNPL Lenders PYMNTS – July 15, 2026 The New York State Department of Financial Services (DFS) posted a notice of proposed rule making regarding buy now, pay later (BNPL) lenders together with the text of the proposed regulation Wednesday (July 15) and will accept public comment on the proposed regulation until Sept....

Payments News Update – July 10, 2026

Legal and Regulatory Developments SPOTLIGHT: JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World The Wall Street Journal – July 6, 2026 (subscription may be required) Some of the largest banks in the country have been exploring an acquisition that could allow them to get around one of the laws they hate most: the limits on fees they earn on debit-card...

Payments News Update – July 2, 2026

Legal and Regulatory Developments SPOTLIGHT: Illinois Enacts BNPL Law Payments Dive – June 25, 2026 llinois Gov. JB Pritzker on Thursday signed a bill mandating regulatory oversight of buy now, pay later companies, enacting rules to oversee the industry. The Buy-Now-Pay-Later Loan Consumer Protection Act requires BNPL providers to register with the state and to create processes for dispute resolution and...

Payments News Update – June 26, 2026

Legal and Regulatory Developments SPOTLIGHT: BNPL Groups ‘Neutral’ on Illinois Bill Payments Dive – June 23, 2026 An Illinois bill to license and regulate buy now, pay later providers is similar to a New York law, but hasn’t generated the same level of opposition by the BNPL industry. Illinois would become only the second state with a distinct law regulating installment loan providers, if Gov. JB...

Payments News Update – June 19, 2026

Legal and Regulatory Developments SPOTLIGHT: Sherrill Goes After Junk Fees New Jersey Globe – June 15, 2026 Gov. Mikie Sherrill launched a new administration-wide effort today to crack down on hidden junk fees, signing Executive Order 19 directing state agencies to examine surprise and confusing charges in the industries they regulate and develop strategies to eliminate them. The executive order requires...

Payments News Update – June 12, 2026

Legal and Regulatory Developments SPOTLIGHT: Visa, Mastercard $38 billion swipe fee settlement wins US judge's approval Reuters – June 9, 2026 A U.S. judge on Tuesday granted preliminary approval to Visa's and Mastercard's revised $38 billion settlement with merchants who accused the card networks of charging too much to process payments on their credit cards. U.S. District Judge Brian Cogan in Brooklyn,...

Payments News Update – June 5, 2026

Legal and Regulatory Developments SPOTLIGHT: Illinois Lawmakers Again Delay Card Fee Law Payments Dive – June 1, 2026 Illinois lawmakers voted to delay until 2027 a state law banning interchange fees on the tax and tip portion of bills, the second one-year delay for a statute mired in litigation. The implementation votes Sunday and early Monday came as the General Assembly wrapped its legislative session,...

Payments News Update – May 29, 2026

Legal and Regulatory Developments SPOTLIGHT: OCC Aims to Derail State Card Law Payments Dive – May 26, 2026 The Office of the Comptroller of the Currency said Friday in a court brief that a federal judge should block an Illinois law prohibiting interchange fees on the tax and tip portion of bills, adhering to regulators’ preemption of the measure. The OCC issued an interim final order last month to...

Payments News Update – May 22, 2026

Legal and Regulatory Developments SPOTLIGHT: Crypto Industry Scores Win as Clarity Act Regulation Bill Clears Senate Hurdle CNBC – May 14, 2026 The cryptocurrency industry notched a key win after a Senate panel on Thursday approved the Clarity Act, the first wide-ranging piece of legislation pertaining to the new industry. The Senate banking committee largely voted along party lines, 15-9, with Democratic...

Payments News Update – May 15, 2026

Legal and Regulatory Developments SPOTLIGHT: Appeals Court Remands Illinois Card Fee Law Payments Dive – May 8, 2026 A federal appeals court on Friday vacated a district court ruling regarding an Illinois law prohibiting interchange fees on the tax and tip portion of bills, arguing that a move by the Trump administration to preempt the law warrants further litigation. The case was remanded to the U.S....