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Home > Payment Cards Center > Legislative Update

Legislative Update

Legislative Update summarizes and updates pending payment cards legislation, regulation, and judicial activity at the federal level and for the Third District states of Pennsylvania, New Jersey, and Delaware.

Current Summary

April – June 2008

Proposed Unfair or Deceptive Acts or Practices Rule

• Background
• The Proposal
• Related Action by the Board of Governors of the Federal Reserve

Proposed Risk-Based Pricing Notice Rule

• Background
• Proposed Rule

Judicial Decisions and Legislation Affecting the FCRA

• "Firm Offer of Credit" Under the FCRA
• Damages for Neglect by an Information Furnisher
• Credit and Debit Card Receipt Clarification Act of 2007

Federal Legislation

• A Bill to Prevent the Implementation of the Unlawful Internet Gambling Enforcement Act

Federal Regulation

• Office of the Comptroller of the Currency
  • Risk Management Guidance of Payment Processors

Judicial Rulings

• Settlements
  • MasterCard Settles Antitrust Suit with American Express