Constantine LLP Payments Blog

Payments News Update – October 9, 2026

Legal and Regulatory Developments SPOTLIGHT: New York and Wyoming Join Forces to Regulate Crypto Market PYMNTS – October 1, 2026 New York and Wyoming agreed to coordinate their oversight of entities engaged in virtual currency and digital asset activities in the two states, according to a Thursday (Oct. 1) press release. The agreement was established by a memorandum of understanding (MOU) signed by the New...

Payments News Update – October 2, 2026

Legal and Regulatory Developments SPOTLIGHT: Senate Passes Common Cents Bill Payments Dive – September 29, 2026 The Common Cents Act, which gives merchants a legal framework for rounding to the nearest nickel amid a dearth of pennies, passed the Senate on Monday night and heads to President Donald Trump. The bipartisan bill – which also formally ends U.S. Mint production of the penny – represents a...

Payments News Update – September 25, 2026

Legal and Regulatory Developments SPOTLIGHT: Merchants Call Card-Fee Pact Unconstitutional Payments Dive – September 22, 2026 Large merchants are sharpening one of their arguments against a class-action lawsuit settlement with Visa and Mastercard over card fees: the pact might be unconstitutional. In objecting to the proposed settlement with the two largest card networks, big merchants – including...

Payments News Update – September 18, 2026

Legal and Regulatory Developments SPOTLIGHT: Walmart, Retail Groups Doubt Value of $200B Swipe Fee Deal Law360 – September 15, 2026 (subscription required) Major retail trade associations and Walmart are objecting to a $200 billion settlement over Visa and Mastercard swipe fees in New York federal court, saying the court should decertify the class or at least allow opt-outs so merchants can preserve "valuable...

Payments News Update – September 11, 2026

Legal and Regulatory Developments SPOTLIGHT: Card Fees Have Staying Power Payments Dive – August 27, 2026 Despite merchants’ persistent attacks on card fees, those tolls have an indomitable inertia that seems to suggest they aren’t shrinking anytime soon. The fees, imposed by banks that issue cards and the card networks, consistently withstand the recriminations that restaurateurs, retailers and...

Payments News Update – August 7, 2026

Legal and Regulatory Developments SPOTLIGHT: Trump Backs Card Bill, Again Payments Dive – August 4, 2026 President Donald Trump on Monday reiterated his support for a bill that aims to spur more competition for the dominant card networks Visa and Mastercard with respect to fees they impose on credit card transactions. Trump referenced the Credit Card Competition Act in a post endorsing Kansas Sen. Roger...

Payments News Update – July 31, 2026

Legal and Regulatory Developments SPOTLIGHT: Why the Credit Card Industry Is Spending $200 Million to Oppose This Legislation—While Big Box Retailers Support It Forbes – July 23, 2026 The Credit Card Competition Act, or CCCA, targets swipe fees, which are the extra charge —typically 2-3%—that merchants pay to networks like Visa and Mastercard when users make a credit card purchase. Merchants...

Payments News Update – July 24, 2026

Legal and Regulatory Developments SPOTLIGHT: Oregon Proposes BNPL Rules Payments Dive – July 21, 2026 Oregon has proposed requiring nonbank buy now, pay later financing companies to obtain a payday lender license or a consumer finance license to operate in the state under a proposal it issued last month. The type of license would depend on the length of time that the consumer signing up for the financing...

Payments News Update – July 17, 2026

Legal and Regulatory Developments SPOTLIGHT: New York Regulator Proposes Licensing Rules for BNPL Lenders PYMNTS – July 15, 2026 The New York State Department of Financial Services (DFS) posted a notice of proposed rule making regarding buy now, pay later (BNPL) lenders together with the text of the proposed regulation Wednesday (July 15) and will accept public comment on the proposed regulation until Sept....

Payments News Update – July 10, 2026

Legal and Regulatory Developments SPOTLIGHT: JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World The Wall Street Journal – July 6, 2026 (subscription may be required) Some of the largest banks in the country have been exploring an acquisition that could allow them to get around one of the laws they hate most: the limits on fees they earn on debit-card...