1. Could Credit Card Rewards Die? – Forbes Advisor
Jul 21, 2023 · The group, representing credit unions, community banks and payment card networks, is promoting a lobbying campaign called “Hands Off My Rewards.
Your credit card rewards—from cash back to miles—could be in peril. But only if Congress takes up legislation that would change how credit card companies collect fees from merchants. A bipartisan group of U.S. senators and House members has proposed the Credit Card Competition Act, first introduc
2. Lawmakers are trying to kill credit card rewards - The Points Guy
Jul 10, 2023 · If you like credit card points and rewards, learn more about the proposed legislation at Hands Off My Rewards and reach out to your lawmaker to ...
Many well-intentioned lawmakers have tried to solve problems, but in the end, created bigger problems. Here's what's happening with the Credit Card Competition Act.
3. What Is The Credit Card Competition Act? | Bankrate
Jul 21, 2023 · Consumers can also indicate their opposition to the act by sending a message through “Hands Off My Rewards,” which is a project run by the ...
The Credit Card Competition Act of 2023 would give merchants network choice in processing transactions. It could impact consumers through lower rewards and security.
4. Whom Do Credit-Card-Rewards Programs Really Reward?
Dec 15, 2022 · The credit-card industry wants its customers to know about a threat to “our favorite cash back and travel rewards programs.
The Durbin-Marshall bill targets a system of inflated fees that swell the profits of the country’s biggest banks.
5. Congress: Hands Off My Rewards! - Electronic Payments Coalition
Sep 13, 2022 · This bill would end popular credit card rewards programs like cash back and travel miles while adding billions of dollars to the bottom lines of ...
Oppose the Credit Card Competition Act Merchant coalitions representing big-box and grocery retailers are lobbying Congress to enact harmful new credit card routing mandates. Their legislation, inaccurately titled, the Credit Card Competition Act, would allow big-box retailers–like Wal-Mart and Kroger–to rework the entire U.S. payments system solely on what is cheapest for them without regard to the value that consumers and small businesses derive from rewards programs and many other benefits. This bill would end popular credit card rewards programs like cash back and travel miles while adding billions of dollars to the bottom lines of mega-retailers.
6. The Credit Card Competition Act: What It Means For You Right Now
Aug 16, 2023 · Hands Off My Rewards is a petition by the Electronic Payments Coalition, which includes major players such as Visa and Bank of America. The ...
There's been lots in the news about Congress and the potential impact on your credit card points. What does it mean for you?
7. Here's How to Tell Your Congresspeople You Don't Want ...
Jul 22, 2023 · Here's Where You Can Come In. The website Hands Off My Rewards automatically generates and sends a letter to your congressional representatives.
A bill that could have deep ramifications on your credit card rewards is set for a vote next week. Here's how you can take action.
8. Congress Is Trying To Pass a Bill That Will End Credit Card Rewards ...
Dec 29, 2022 · This month, congress will vote on a bill to eliminate almost all the funding for popular credit card reward programs like cash back and ...
This month, congress will vote on a bill to eliminate almost all the funding for popular credit card reward programs like cash back and travel points. This Legislation would allow retailers to process...
9. Donut Touch My Rewards! | Food Truck Event
Join CQ Roll Call and Hands Off My Rewards (an initiative from The Electronic Payments Coalition) for a pop-up event aimed to raise awareness and educate ...
Grab a doughnut at C St SE & 1 St SE and learn about the implications of the Credit Card Competition Act- and how it would eliminate credit card benefits that consumers & small businesses rely on!
