Payments

Letters and Testimonies

Letters to Congress

Letters to Regulators

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Title
Recipient
Date
12/16/24
Consumer Financial Protection Bureau08/01/24
06/11/24
Federal Reserve05/11/24
Basel Committee on Banking Supervision03/28/24
Federal Reserve, Justice Department, Treasury Department03/22/24
BIS Committee on Payments and Market Infrastructures02/28/24
Letter to Regulators01/30/24
FinCEN01/23/24
Federal Reserve11/27/23
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Testimony

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Title
Committee
Presenter
Date
House Financial Services CommitteeWritten Statement04/01/25
Senate Banking CommitteeWritten Statement03/12/25
House Subcommittee on Digital Assets, Financial Technology and InclusionWritten Statement09/13/23
Senate Banking CommitteeWritten Statement02/13/23
Senate Banking CommitteeWritten Statement07/28/22
House Financial Services CommitteeWritten statement05/25/22
Senate Banking Hearing02/15/22
House Financial Services CommitteeWritten statement02/08/22
Senate Banking CommitteeWritten Statement12/14/21
House Financial Services CommitteeWritten statement12/07/21
HSFC09/29/20

Payments News

ICBA opposing latest effort to advance credit card routing bill

Sep. 22, 2023

ICBA continues calling on community bankers to urge their senators to oppose legislation that would impose credit card routing restrictions amid renewed efforts to attach it to government funding measures.

Grassroots Alert: Community bankers can use ICBA’s Be Heard grassroots action center to urge their senators to oppose the legislation and any attempt to tie it to unrelated, must-pass government funding bills.

State of Play: Sen. Roger Marshall (R-Kan.) this week renewed his pledge to hold up consideration of military and veterans legislation if Senate leaders don’t commit to holding a vote on the Credit Card Competition Act (S. 1838/H.R. 3881), which he is leading with Sen. Richard Durbin (D-Ill.). The bill would allow merchants to process credit card transactions based solely on which network offers the lowest cost for them.

Industry Opposition: In a national news release and a letter to congressional leaders last week, ICBA and other groups said the Marshall-Durbin bill is not germane to military or veteran spending and would merely serve as a government handout to big-box retailers. The lawmakers’ efforts echo their unsuccessful attempts to use the National Defense Authorization Act to advance their bill ahead of the August recess.

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