Constantine LLP Payments Blog

Payments News Update – March 20, 2026

Legal and Regulatory Developments SPOTLIGHT: Combatants in the Fight to Overturn Illinois’s Interchange Law Gear Up for an Appeals Battle Digital Transactions News – March 17, 2026 Three organizations representing the banking community, as well as the Office of the Comptroller of the Currency along with former acting members of the OCC, filed amicus briefs late Friday urging the court to overturn the...

Payments News Update – March 13, 2026

Legal and Regulatory Developments SPOTLIGHT: Fintechs Urge New York to Rethink Buy Now, Pay Later Regulations National Today – March 9, 2026 Financial technology companies are calling on New York's banking regulator to reconsider a proposal that would establish licensing requirements and interest rate caps on buy now, pay later loans. The industry group argues that many of the rules, previously designed...

Payments News Update – March 6, 2026

Legal and Regulatory Developments SPOTLIGHT: CCCA Seeks New Path to Passage Payments Dive – March 4, 2026 Sens. Dick Durbin and Roger Marshall are once again plotting a path for passing their Credit Card Competition Act, a bill that aims to give Visa and Mastercard more competition. The senators are angling to attach the legislation to a major housing bill, the 21st Century ROAD to Housing Act, poised to...

Payments News Update – February 27, 2026

Legal and Regulatory Developments SPOTLIGHT: Debit Card Fraud Losses Rise Payments Dive – February 26, 2026 Fraud loss rates have climbed for debit cardholders, according to a Kansas City Federal Reserve Bank analysis issued Wednesday that is based on Federal Reserve Board data released in December. The actual loss rates detailed in the report differed depending on whether the transactions moved over a...

Payments News Update – February 20, 2026

Legal and Regulatory Developments SPOTLIGHT: Visa, Mastercard Can't Avoid Swipe Fee Claims Pass-On Law360 – February 18, 2026 (subscription required) Mastercard and Visa lost a bid on Wednesday to fend off a class action from retailers over unlawful card payment fees by arguing that the merchants didn't suffer loss because they passed on the charges. The Competition Appeal Tribunal ruled in a written...

Payments News Update – February 13, 2026

Legal and Regulatory Developments SPOTLIGHT: Illinois Merchants Score a Big Win in Their Battle for Interchange Relief Digital Transactions News – February 11, 2026 Illinois merchants scored a big victory late Tuesday in their battle for interchange relief as United States District Court Judge Virginia Kendall upheld the Illinois Interchange Fee Prohibition Act. The decision, which comes after more than a...

Payments News Update – February 6, 2026

Legal and Regulatory Developments SPOTLIGHT: Why Some Payments Companies Want to Be Banks Banking Dive – February 3, 2026 Companies like Stripe and Affirm Holdings, which have applied for federal and state banking charters in recent months, are looking for greater control and greater flexibility, in addition to cost savings, according to analysts and consultants who follow the payments industry. Other...

Payments News Update – January 23, 2026

Legal and Regulatory Developments SPOTLIGHT: White House Weighs Executive Action to Cap Credit Card Rates Bloomberg – January 16, 2026 (subscription may be required) The White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted...

Payments News Update – January 16, 2026

Legal and Regulatory Developments SPOTLIGHT: Senators Reintroduce Credit Card Competition Act After Trump Endorses Bill to Lower Swipe Fees CSP Daily News – January 14, 2026 Senators Roger Marshall (R-Kansas) and Dick Durbin (D-Illinois) reintroduced the Credit Card Competition Act (CCCA) on Tuesday after President Trump endorsed it earlier that day. The legislation aims to break Visa and Mastercard’s...

Payments News Update – January 9, 2026

Legal and Regulatory Developments SPOTLIGHT: How Payments Will Evolve: 6 Industry Trends to Watch in 2026 Payments Dive – January 6, 2026 The payments industry has been evolving at a dizzying pace in recent years, and that’s not expected to let up this year. Industry change is likely to revolve around regulatory dynamics in 2026. On the federal front, regulators will assert new authority in creating a...