Imposing Alternative Payment Networks on Credit Cards Will Likely Hurt Low Income Households and Small Merchants

This research note finds the proposed Credit Card Competition Act (CCCA) will likely generate between $13 billion and $15 billion in transfers to merchants from financial institutions and consumers. However, this distributional analysis finds almost all of those savings will accrue to retailers with $500 million in sales or more—none of which constitute small businesses under the Small Business Administration’s (SBA) definition.

Protecting Consumers During Holiday Shopping Season

The Holiday Season is in full swing and as consumer spending rises, so too do fraud attempts. According to a 2022 study by AARP, three out of four U.S. adults age 18-plus have been targeted by or experienced at least one form of fraud. Fortunately, more and more consumers and merchants are using credit cards to protect themselves against financial losses.

SBPA SMALL BUSINESS SATURDAY REPORT 2023

Small Business Saturday is an annual shopping event that takes place on the Saturday following Thanksgiving. Since 2010, the initiative has encouraged consumers to support local small businesses. The idea draws a stark contrast to Black Friday and Cyber Monday – two other big holiday shopping days that are dominated by mega corporations.

The True Impact of Interchange Regulation: How Government Price Controls Increase Consumer Costs and Reduce Security

Credit Union National Association and American Association of Credit Union Leagues commissioned this report from Cornerstone Advisors in spring 2023 to examine the evidence of how debit card routing mandates and debit interchange price caps from Senate Amendment 3989 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Durbin Amendment” or “Durbin 1.0”) have impacted credit unions and the larger banking system.

Understanding Credit Card Rewards: A Successful Model Under Threat

Credit card rewards programs are expensive and intricate for issuers to maintain, but they are also enormously popular with cardholders and a significant driver of customer acquisition. This Javelin Strategy & Research report looks at the current landscape for rewards programs, including possible responses by the industry should Congress pass the Credit Card Competition Act.

Credit Card Competition Act misses the mark for small business

For many small-business owners, it’s hard to imagine running their business without credit cards. A recent report found that 61% of entrepreneurs with a personal credit card use it to fund their business at least monthly, and a majority of those with a business credit card use it at least weekly.