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On Monday, Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas, introduced the House companion to the Credit Card Competition Act of 2022
We strongly oppose the credit card legislation introduced by Representatives Welch and Gooden today. Representative Welch took the side of the world’s largest retailers, Walmart and Amazon, in an effort to boost their profits and give them even more power to put local Vermont retailers out of business. This is a boon for the big boxes and a loss for Main Street. The bill will also harm tourism by eliminating the credit card rewards that make it possible for so many people to travel, stay, and spend in the Green Mountain state.
Regulators have been sending out warning signals about the partnerships between banks and fintechs. Does this mean banks and fintechs have to change what they're doing?
There’s no way to sugarcoat it: Senate Democrats have passed more legislation than anyone thought possible in an evenly divided upper chamber with a historically unpopular president. From infrastructure to
The three challenger banks have defied the odds and created business models that have made them net positive in a market where fewer than 5% of startups are making money.