Regulation News
CA Credit Union League: Proposed federal credit card regs ‘will ultimately cost consumers money’
A spokesperson for the California Credit Union League (CCUL) said her organization is opposed to proposed credit card regulations pending in the U.S. Senate because she said they will cost consumers money and could lead to an increase in credit card fraud.
Financial Researcher: Californians could see increase in credit card fraud under proposed credit card regulations
Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA) could lead to an increase in credit card fraud.