Weekly News Update

Payments News Update – February 27, 2026

Legal and Regulatory Developments SPOTLIGHT: Debit Card Fraud Losses Rise Payments Dive – February 26, 2026 Fraud loss rates have climbed for debit cardholders, according to a Kansas City Federal Reserve Bank analysis issued Wednesday that is based on Federal Reserve Board data released in December. The actual loss rates detailed in the report differed depending on whether the transactions moved over a...

Payments News Update – February 20, 2026

Legal and Regulatory Developments SPOTLIGHT: Visa, Mastercard Can't Avoid Swipe Fee Claims Pass-On Law360 – February 18, 2026 (subscription required) Mastercard and Visa lost a bid on Wednesday to fend off a class action from retailers over unlawful card payment fees by arguing that the merchants didn't suffer loss because they passed on the charges. The Competition Appeal Tribunal ruled in a written...

Payments News Update – February 13, 2026

Legal and Regulatory Developments SPOTLIGHT: Illinois Merchants Score a Big Win in Their Battle for Interchange Relief Digital Transactions News – February 11, 2026 Illinois merchants scored a big victory late Tuesday in their battle for interchange relief as United States District Court Judge Virginia Kendall upheld the Illinois Interchange Fee Prohibition Act. The decision, which comes after more than a...

Payments News Update – February 6, 2026

Legal and Regulatory Developments SPOTLIGHT: Why Some Payments Companies Want to Be Banks Banking Dive – February 3, 2026 Companies like Stripe and Affirm Holdings, which have applied for federal and state banking charters in recent months, are looking for greater control and greater flexibility, in addition to cost savings, according to analysts and consultants who follow the payments industry. Other...

Payments News Update – January 23, 2026

Legal and Regulatory Developments SPOTLIGHT: White House Weighs Executive Action to Cap Credit Card Rates Bloomberg – January 16, 2026 (subscription may be required) The White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted...

Payments News Update – January 16, 2026

Legal and Regulatory Developments SPOTLIGHT: Senators Reintroduce Credit Card Competition Act After Trump Endorses Bill to Lower Swipe Fees CSP Daily News – January 14, 2026 Senators Roger Marshall (R-Kansas) and Dick Durbin (D-Illinois) reintroduced the Credit Card Competition Act (CCCA) on Tuesday after President Trump endorsed it earlier that day. The legislation aims to break Visa and Mastercard’s...

Payments News Update – January 9, 2026

Legal and Regulatory Developments SPOTLIGHT: How Payments Will Evolve: 6 Industry Trends to Watch in 2026 Payments Dive – January 6, 2026 The payments industry has been evolving at a dizzying pace in recent years, and that’s not expected to let up this year. Industry change is likely to revolve around regulatory dynamics in 2026. On the federal front, regulators will assert new authority in creating a...

Payments News Update – December 26, 2025

Legal and Regulatory Developments SPOTLIGHT: Fed Report Shows Visa, Mastercard Shift More Debit Card Fraud Onto Merchants CPA Practice Advisor – December 22, 2025 A new report from the Federal Reserve shows that Visa and Mastercard shifted more of the burden of debit card fraud onto the merchants, while easing responsibility for banks. The updated figures for 2023 show that merchants paid for 49.9% of debit...

Payments News Update – December 19, 2025

Legal and Regulatory Developments SPOTLIGHT: Walmart, Other Retailers Object to Visa and Mastercard Settlement Reuters – December 15, 2025 Major retailers and trade groups are urging a federal judge in Brooklyn to reject a proposed antitrust settlement with Visa and Mastercard, saying the deal lets the card giants keep charging merchants excessive fees for credit card transactions and offers them few...

Payments News Update – December 12, 2025

Legal and Regulatory Developments SPOTLIGHT: Amex Inks Deal After $12M Antisteering Rule Verdict in NY Law360 – December 9, 2025 (subscription required) American Express Co. has reached a settlement with consumers who claim the credit card company's so-called antisteering rules cause non-Amex cardholders to pay higher charges, signaling a potential end to a class action suit after a New York federal jury...