Last Friday, ten banking and payments trade associations, including the Electronic Payments Coalition, wrote a joint letter to Congress stating “strong opposition” to the Credit Card Competition Act, and a related amendment proponents of the bill seek to attach to the National Defense Authorization Act.
The letter pointed to both pieces of legislation as potential amendments to NDAA, a strategy that sponsors of the legislation unsuccessfully attempted in the prior congressional session. It’s not clear yet whether they’ll try that route again. The letter was posted on the EPC website, but that organization didn’t immediately respond to a question about the suggestion of the legislation being attached to the NDAA.
