Weekly News Update

Payments News Update – July 11, 2025

Legal and Regulatory Developments SPOTLIGHT: Appeals Court Voids FTC’s ‘Click to Cancel’ Rule Just Before It Starts The Hill – July 8, 2025 The Federal Trade Commission’s (FTC) “click-to-cancel” rule was struck down by an appeals court on Tuesday, just days before it was set to take effect. The rule, announced in October 2024, would have required sellers to make it “as easy for consumers to...

Payments News Update – July 3, 2025

Legal and Regulatory Developments SPOTLIGHT: Mastercard, Visa's Merchant Fees Breach Competition Law, UK Tribunal Rules Reuters – June 27, 2025 Global payments processors Visa and Mastercard's default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London's Competition Appeal...

Payments News Update – June 27, 2025

Legal and Regulatory Developments SPOTLIGHT: Visa Loses Bid to Toss DOJ Debit Lawsuit Payments Dive – June 25, 2025 A federal judge in New York rejected Visa’s effort to dismiss the Justice Department’s 2024 lawsuit alleging that the card network operates an illegal monopoly in the debit card market. Visa’s request amounts to “the premature resolution of factual issues” at an early stage in the...

Payments News Update – June 20, 2025

Legal and Regulatory Developments SPOTLIGHT: Illinois Delays Interchange Fee Law Payments Dive – June 17, 2025 Illinois Gov. JB Pritzker has delayed implementation of the Illinois Fee Prohibition Act, a first-in-the-nation law that aims to ban card issuers and their networks from charging merchants interchange fees on taxes and tips when consumers pay with credit and debit cards. Pritzker, a Democrat,...

Payments News Update – June 13, 2025

Legal and Regulatory Developments SPOTLIGHT: Is Cash Legislation Making a Comeback? ATM Marketplace – June 10, 2025 Cash has certainly taken multiple hits over the years, due in no small part to COVID-19 and increasing usage of other payment options. In addition, with many businesses considering going cashless, both the ATM industry and other groups have raised concerns over the years of cash users being left...

Payments News Update – June 6, 2025

Legal and Regulatory Developments SPOTLIGHT: EU Antitrust Regulators Escalate Visa, Mastercard Probe, Documents Show Reuters – June 3, 2025 EU antitrust regulators are asking retailers and payments companies whether a standardized summary of fees by Visa and Mastercard and more transparency on the charges would address their concerns, according to documents seen by Reuters. The latest questionnaires sent...

Payments News Update – May 30, 2025

Legal and Regulatory Developments SPOTLIGHT: More States Press Interchange Regulation as Illinois Legislators Contemplate Delaying the IFPA Digital Transactions News – May 23, 2025 More states are introducing legislation exempting merchants from paying interchange on sales tax and tips. Bills are currently pending in Alaska, Massachusetts, and New York. In Alaska, the proposed bill, which was attached at...

Payments News Update – May 23, 2025

Legal and Regulatory Developments SPOTLIGHT: Trying to Revive the CCCA, Durbin and Marshall Look to Make It an Amendment to the GENIUS Act Digital Transactions News – May 21, 2025 Sponsors of the Credit Card Competition Act moved late Tuesday to attach the legislation as an amendment to the GENIUS Act, a proposed bill to regulate stablecoins. While the Senate must approve the move, it potentially gives the...

Payments News Update – May 16, 2025

Legal and Regulatory Developments SPOTLIGHT: FTC Holds off on Enforcing ‘Click to Cancel’ Subscription Rule PYMNTS – May 11, 2025 What if canceling a subscription were as easy as signing up for one? That was the thinking behind the Negative Option Rule — more popularly known as the “click to cancel” regulation, first proposed in 2023. That rule went into effect earlier this year, with enforcement...

Payments News Update – May 9, 2025

Legal and Regulatory Developments SPOTLIGHT: D.C. Bill Latest Attempt to Nix Credit Card Swipe Fees on Tips and Taxes Forbes – May 2, 2025 A Washington D.C. bill is the latest to hit back at credit card swipe fees. The Fair Swipe Act of 2025, introduced by D.C. Councilmember Charles Allen, would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that...