Credit Unions Oppose Credit Card Routing Legislation
The Credit Union National Association (CUNA) stands together with America’s Credit Unions in opposition to legislation that would create new government mandates for credit cards, putting consumers’ data and credit access at risk. CUNA President/CEO Jim Nussle outlined concerns about the Credit Card Competition Act (CCCA) of 2023 led by Sen. Richard Durbin, D-Ill. Opposition To Credit Card Routing Legislation“This ‘big box bill’ is just another way for large merchants to squeeze more out of the American consumers’ pockets by disrupting payment systems that consumers want in place, leaving them ...