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What does it really take to grow from an individual agent into a full-blown ISO? This week, James Shepherd sits down with industry veteran Gus Torres to hear his journey—from working the streets to running his own ISO. Gus shares practical insights, mindset tips, and how his partnership with Netevia helped scale his operation. Then, stick around for the Today in Payments segment, where James and Patti Murphy break down the latest updates on the Credit Card Competition Act, BNPL regulations in the UK, and more industry headlines.
How important are independent pet stores to our community? In this episode, Teresa Miller, president of IndiePet and owner of Treats Unleashed, discusses the vital role of local pet retailers in building community connections. She shares insights into the challenges these stores face, including e-commerce competition and inflation, while highlighting how they can remain competitive through innovation and customer service. Teresa explains how IndiePet acts as a bridge between retailers and manufacturers to create sustainable industry growth. She also touches on the growing trend of cat ownership and the importance of fostering partnerships between independent pet businesses. Main Topics: The Role of IndiePet – Supporting independent pet stores and their impact on the pet industry. Challenges in the Pet Industry – Inflation, e-commerce competition, and shifting consumer trends. Community Engagement – How local pet stores foster relationships and support pet parents. Retail Trends & Innovations – Exclusive products, pet product rotations, and service expansions. Partnerships with Pet Businesses – How pet sitters, trainers, and groomers can collaborate with retailers. Main takeaway: “Neighborhood pet stores are more than just retailers; they're gathering places where pet owners connect, learn, and support each other.” In today's fast-paced world, it's easy to feel disconnected, but independent pet stores, pet sitters, and dog walkers play a vital role in bringing pet lovers together. These businesses aren't just about products and services—they help foster relationships, educate pet parents, and create a support system for those who want the best for their pets. As pet sitters and dog walkers, we have a unique opportunity to be connectors in our communities. We're the trusted professionals who see pet parents daily, hear their concerns, and can introduce them to local pet stores, trainers, and groomers who align with their needs. We can help pet owners find the best products, discover community events, and connect with like-minded pet lovers who share their values. From breed meet-ups and pet adoption events to sharing tips on the best local pet-friendly spots, we have the power to shape a thriving pet community. By partnering with independent pet stores, we strengthen these essential small businesses and create a network that benefits pets and their families. About our guest: Teresa Miller is the owner of Treats Unleashed, a chain of independent pet stores with 19 locations between St. Louis and Kansas City, with more on the way. She began her career in the banking industry before transitioning to a tech startup in New York City. In 2002, she founded Treats Unleashed, which has grown organically into a trusted resource for high-quality pet products, customer education, and community partnerships. Beyond building her business, Teresa is deeply involved in her local community, volunteering with the Bi-State Pet Food Pantry to help provide pet food to owners in need. She is also a strong advocate for women-led businesses, actively supporting Mastermind programming for early-stage women entrepreneurs. On a national level, Teresa collaborates with the National Retail Federation (NRF) as an advocate for small retail businesses. Most recently, she worked with NRF to support the Credit Card Competition Act, introduced by Senators Roger Marshall and Dick Durbin in 2022, aimed at increasing competition and reducing swipe fees for businesses. As the president of IndiePet, a trade association dedicated to supporting independent pet retailers, she continues to champion small pet businesses, fostering connections between retailers and manufacturers to ensure industry growth and sustainability. Links: https://indiepet.org https://www.facebook.com/IndiePetAssociation https://www.instagram.com/indiepetassociation/ https://www.neighborhoodpetstoreday.com Check out our Starter Packs See all of our discounts! Check out ProTrainings Code: CPR-petsitterconfessional for 10% off
www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/In this episode of With Flying Colors, Mark Treichel is joined by Jason Stverak, Chief Advocacy Officer of the Defense Credit Union Council (DCUC), for a wide-ranging conversation on the unique role defense credit unions play in serving military members—and the policy battles threatening their ability to do so.Jason shares how DCUC advocates for military-affiliated credit unions across a rapidly evolving regulatory and political landscape. From the impact of the Credit Card Competition Act on interchange fees to the overdraft protection debate and the ongoing defense of the credit union tax exemption, this episode dives deep into the issues shaping the future of service-based financial institutions.You'll also hear powerful real-world stories—including how Navy Federal helped a young Marine avoid a predatory car loan, and how Enbright Credit Union supports members battling cancer—that illustrate the mission-first, member-first mindset of credit unions in action.
How will AI reshape the payments industry? This week, James Shepherd explores the role of artificial intelligence in payments, featuring a groundbreaking conversation—including the first-ever AI agent interview on the podcast! He sits down with Vlad Sadovskiy, CEO of Netevia, to discuss AI's impact on ISOs, ISVs, and merchants. Then, Patti Murphy breaks down the latest on the Credit Card Competition Act and what new regulations could mean for the industry. Don't miss this forward-looking episode!
In this episode of Funeral Service Insider, we speak with Jim Luff from Aurora Payments about the complexities of the Credit Card Competition Act and its implications for the funeral industry. Empowering Merchants: "This gives merchants a choice in the fees that they pay, something that's never been offered in the past … every time a merchant accepts a Visa or Mastercard for payment, approximately 2% to 3-and-a-half percent is charged to the merchant and effectively erodes their profitability." Funeral Industry Dilemma: “If you're in a small community and there's a total of three funeral homes and the other two don't (charge a credit card fee) and you're the only one doing it, well, that's not going to look good. On the flip side, if you get together with those other two and you say, “Hey, we're all going to do this so we quit giving away our profit. Now you have what's known as collusion, and that is a federal offense.” Retail Revolution: “The act has gained the support of over 200 state and regional business associations, as well as the International Franchise Association, the National Association of Convenience Stores, National Association of Theater Owners, Grocers, Restaurant Association, National Retail Federation. Currently, more than 2,000 retailers, platforms, and small businesses have signed a petition urging lawmakers to continue with the bill and keep it intact and not let modifications take place.” Government Oversight on Credit Card Processing: “The fact is in 2012, the Durbin Act passed, and that is what gave us the ability to do surcharging and cash-discounting now. So there's more evolution coming on this, as we continue to see the government encroach on monitoring credit card processing operations, which I don't think is a bad thing. I just don't want to see consumers who place great value in a particular card … (to see) the terms of that change.” Click here for complete show notes.
In this episode, James Shepherd interviews AW, co-founder of Silverflow and a former Adyen leader, to discuss innovations reshaping the acquiring space and lessons from the success of companies like Square and Stripe. Gain valuable industry insights into payment trends and challenges. Stick around for Rich Norton's actionable sales tips and Patti Murphy's analysis of Visa's response to monopoly claims and the Credit Card Competition Act.
Guest Andrew Davenport, policy and research associate at California Policy Center, joins to discuss latest change in laws in California. Discussion of trans laws with children, battles in public education system, and more. Discussion of Gavin Newsom preparing for upcoming Trump administration. Senators discuss Credit Card Competition Act. Are we seeing a financial reset in the country by breaking up the "duopoly" of Visa and Mastercard?
In September, the Department of Justice announced that it would withdraw its 1995 bank merger guidelines and apply its 2023 merger guidelines for all industries, a move that some have interpreted as signaling stricter review of bank mergers. At the same time, Congress is considering the “Credit Card Competition Act,” which purports to promote competition […]
In September, the Department of Justice announced that it would withdraw its 1995 bank merger guidelines and apply its 2023 merger guidelines for all industries, a move that some have interpreted as signaling stricter review of bank mergers. At the same time, Congress is considering the “Credit Card Competition Act,” which purports to promote competition in the credit card network space. Join us for a discussion of these topics and their implications for consumers, competition, and the economy as well as Capital One’s proposed acquisition of Discover.Featuring:Prof. Todd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School, George Mason UniversitySen. Patrick Toomey, Former United States Senator (PA), Ranking Member of the Senate Committee on BankingDr. Diana Moss, Vice President and Director of Competition Policy, Progressive Policy InstituteModerator: Jelena McWilliams, Managing Partner and Head of the Financial Institutions Group, Cravath, Swaine, & Moore Washington, D.C. office, Former Chairman of the Federal Deposit Insurance Corporation (FDIC)--To register, click the link above.
The Democratic National Convention in Chicago next week will be euphoric as Kamala Harris accepts the party nomination. Like every convention, it's also going to be a lobbyist paradise, with giant corporations throwing lavish parties. United Airlines' Josh Earnest, former White House Press Secretary under President Obama, will host an after-party at the company's Chicago headquarters, featuring Elon Musk apologist Walter Isaacson, author of Musk's mythologizing biography. United Airlines has reason to be at the DNC, and it's not to celebrate terrifying passengers with several malfunctions, including wheels falling off and mid-flight engine trouble. They are actively working against Democratic legislation in the Senate to break-up the credit card fee monopoly of Visa and Mastercard, legislation that would save consumers $15 billion. Major airlines like United want to stop it, because they make more profit from credit card mileage programs than from flying planes. United's C.E.O., Scott Kirby, recently gave himself a 90% raise, earning $18.6 million in 2023, just a few years after taxpayers bailed out his airline at the height of the pandemic. Will United Airlines succeed in influencing Democrats at their biggest party in years, at the expense of us all? Reecie Colbert, political commentator and host of Urban View on Sirius XM, joins Gaslit Nation, along with Terrell Starr of the essential Black Diplomats Podcast and Substack, to discuss how to hold a Harris/Walz administration accountable to the hopeful and inclusive vision of America they're running on, as well as how to protect the first Black woman president from white rage and misogyny. We also look at Ukraine's historic surprise invasion of Russia and what it means in the global fight against fascism at home and abroad. This week's bonus show, available to subscribers at the Truth-teller ($5/month) and higher, answers questions from listeners subscribed at the Democracy Defender ($10/month) and higher, with a special look at what to say to white women in Virginia and Georgia thinking of voting for Trump. To get every episode ad free, bonus shows, invites to special events, and more, subscribe at Patreon.com/Gaslit! Thank you to everyone who supports our independent journalism! Book Launch Party for In the Shadow of Stalin: The Story of Mr. Jones – Sept 16 Monday September 16th 7pm at the Ukrainian Institute of America join us for a wine reception and live taping of Gaslit Nation with Terrell Starr for the launch of the graphic novel adaptation of Andrea's film Mr. Jones! Get in free by subscribing at the Truth-teller level or higher on Patreon.com/Gaslit! RSVP here: https://ukrainianinstitute.org/event/books-at-the-institute-chalupa/ Indivisible x Gaslit Nation Phonebank Party! — August 15 at 7pm ET Every third Thursday through election day and on election eve in November we're calling voters in Republican-hostage states in the Midwest with Indivisible to ensure a Democratic Senate. Sign up here to join us: https://www.mobilize.us/indivisible/event/628701/ Sister District x Gaslit Nation Phonebank Parties! – Every Wednesday in October! Every Wednesday through October, we're phone-banking with Sister District, calling voters in Michigan, Wisconsin, Pennsylvania, Arizona, and Georgia. Sign up here to join us: https://www.mobilize.us/sisterdistrictnyc/event/642096/ Show Notes: Brooklyn Paper Op-ed | Credit Card Competition Act would put Brooklyn ahead of Wall Street https://www.brooklynpaper.com/credit-card-competition-act/ How the Elon Musk biography exposes Walter Isaacson https://www.theverge.com/2023/10/1/23895069/walter-isaacson-biography-musk-review Your unofficial DNC party checklist https://www.politico.com/newsletters/west-wing-playbook/2024/08/12/your-unofficial-dnc-party-check-list-00173704 Merchants Support Senator Durbin's Comments in Favor of the Credit Card Competition Act https://merchantspaymentscoalition.com/merchants-support-senator-durbins-comments-favor-credit-card-competition-act Airlines Are Just Banks Now They make more money from mileage programs than from flying planes—and it shows. https://www.theatlantic.com/ideas/archive/2023/09/airlines-banks-mileage-programs/675374/ United Airlines flight attendants picket, say CEO compensation grew 90% https://finance.yahoo.com/news/united-airlines-flight-attendants-picket-214129294.html Moscow's Chkalovsky Airfield Targeted in Drone Attack: Video https://www.newsweek.com/moscow-chkalovsky-airfield-drone-attack-video-1937725 Ukraine claims to control 1,000 sq km of Russian territory https://www.bbc.com/news/articles/cx2lmr29ygjo Brandon Friedman on Twitter: Do not fly United. The last 48 hours: "United Airlines Boeing 777 loses tire while taking off" "United flight out of IAH caught fire" "United flight makes emergency landing after suspected hydraulic failure" "A United Airlines flight veered off the runway and onto the grass" https://x.com/BFriedmanDC/status/1766524616271413250 Meet Reecie Colbert, Host of Sirius XM's The Reecie Colbert Show and Urban View https://reeciecolbert.com/ Black Diplomats Podcast and Substack https://www.blackdiplomats.net/
Glen speaks with Bonifii CEO John Ainsworth about his firm's new collaboration with Metal and the next wave of identity solutions. Also- branches as community centers, the ongoing interchange/reward points battle, more “fun” in class action lawsuit land, and screen scraping stages a comeback. Links related to this episode: Bonifii's website, and its Metal Blockchain announcement: https://bonifii.com/2024/06/bonifii-joins-metal-blockchains/ The Points Guy's full-throated stance against the Credit Card Competition Act: https://thepointsguy.com/protect-your-points/ Airlines for America weighs in on rewards points: https://www.airlines.org/protect-our-points/ Glen's blog on the flurry of state interchange legislation: https://www.big-fintech.com/Media?p=a-state-of-confusion-interchange-battles-move-closer-to-home CPO Magazine's take on web scraping: https://www.cpomagazine.com/cyber-security/web-scraping-is-legal-for-now-but-it-may-be-hurting-your-business/ The proposed class action lawsuit against Navy Federal CU and Verint: https://www.classaction.org/news/class-action-lawsuit-says-navy-federal-credit-union-ai-tech-company-verint-tap-customer-service-calls Register for our next CU Town Hall on Wednesday July 10 at 3pm ET/Noon PT for a live and lively interactive conversation tackling the major issues facing CUs today. It's free to attend, but advance registration is required: https://www.cutownhall.com/ Find us on X and BlueSky at @bigfintech, @jbfintech and @154Advisors (same handles for both) You can also follow us on LinkedIn: https://www.linkedin.com/company/best-innovation-group/ https://www.linkedin.com/in/jbfintech/ https://www.linkedin.com/in/glensarvady/
In this episode of "Sara Gonzales Unfiltered," Sara is joined by Leah McGee and her attorney Dean McGee, an educational freedom attorney from Liberty Justice Center. They discuss Leah's son Christian, who was suspended from Central Davidson High School for asking if the term "alien" referred to a space alien or illegal alien. The school's administration labeled him a racist, resulting in a suspension and barring him from a crucial track meet. Leah and Dean highlight their lawsuit against the Davidson Board of Education and new evidence of board members spreading false allegations about Christian and his mother. The show delves into the Supreme Court decision in Garland v. Cargill, ruling the federal ban on bump stocks unlawful. Sara criticizes the Left's attempts to limit gun rights, citing the court's decision as a victory for the Second Amendment. Justice Sonia Sotomayor's dissenting opinion is discussed, including the opinion's departure from Congress' definition of a machine gun. Sara and her panel discuss President Joe Biden's comments at the G7 summit, where he criticized Republicans for holding up Ukraine funding and promised more financial support. They express concerns about Biden's priorities and the long-term impact on American resources and security. The episode also highlights the Credit Card Competition Act, addressing the risks of Chinese payment networks infiltrating the U.S. financial system. Sara urges viewers to contact their senators to support this legislation. The episode concludes with a lighthearted moment featuring Donald Trump on Logan Paul's podcast, discussing Trump's influence and popularity among younger generations. Sara is joined by BlazeTV contributors Jaco Booyens and John Doyle. Today's Sponsor: Flying Ace Spirits Go to https://www.FlyingAceSpirits.com and use promo code UNFILTERED to get free shipping on every order. Learn more about your ad choices. Visit megaphone.fm/adchoices
John and Glen meet with Shastic Founder/CEO Joseariel Gomez Ortigoza about his firm's mission to make AI less intimidating for credit unions. Also- sausage making and the Credit Card Competition Act. Links related to this episode: Shastic: https://shastic.com/ BIG's Innovation Club: https://www.big-fintech.com/Innovation-Club/Technology Glen's blog previewing the EU's AI Act: https://www.big-fintech.com/Media?p=first-mover-advantage-the-eus-ai-act-sets-the-legislative-tone CU Today's CCCA coverage the morning of the government shutdown deadline: https://www.cutoday.info/Fresh-Today/CU-Opposed-Credit-Card-Competition-Act-Added-as-Amendment-to-Must-Pass-Bill ...and its brief follow-up afterward: https://www.cutoday.info/Fresh-Today/Two-Measures-Championed-by-CUs-Included-in-Spending-Package-Passed-by-Senate-Credit-Card-Competition-Act-Doesn-t-Make-Cut Join us for our next CU Town Hall on Wednesday April 3 at 3pm ET/Noon PT for a live and lively interactive discussion of the key issues facing credit unions. (Did we mention there'll be a cool tech giveaway to one FI attendee?) It's free to attend, but advance registration is required: https://www.cutownhall.com/ We've joined BlueSky social! Find us at @bigfintech, @jbfintech and @154Advisors You can also follow us on LinkedIn: https://www.linkedin.com/company/best-innovation-group/ https://www.linkedin.com/in/jbfintech/ https://www.linkedin.com/in/glensarvady/
Stay informed with today's top stories in retail:Target's 'Dealworthy' Brand Launch: Target introduces its latest owned brand, dealworthy, offering nearly 400 everyday basics at affordable prices.Credit Card Competition Act Proposal: Senators Durbin and Marshall propose the Credit Card Competition Act to challenge the dominance of major payment networks like Visa and Mastercard, but critics warn of potential negative consequences.WaWa's Expansion Plan: The Wood family, with a 53% stake in WaWa convenience stores, worth $6 billion, announces an ambitious expansion plan, with a goal of opening up to 280 new stores over the next decade.Krispy Kreme's Growth Strategy: Krispy Kreme eyes expansion of its doughnut sales in more McDonald's locations across the U.S., and is actively working to increase production capacity and broaden its reach through various channels.Stay updated with Omni Talk's Retail Daily Minute and don't forget to use our promo code "OMNITALK" to save on Shoptalk! #RetailNews #Target #CreditCardCompetitionAct #WaWa #KrispyKreme
In a recent episode of the Restaurant Report Podcast, Sean Kennedy, Executive Vice President of Public Affairs at the National Restaurant Association, discussed several critical issues impacting the restaurant industry. Kennedy, who joined the association in June 2019, sheds light on the Association's advocacy efforts and strategic initiatives to support restaurant operators nationwide.We discussed various regulations that could affect the restaurant industry in ways we have not seen in the past two decades.Credit Card Competition Act: Addressing Swipe Fee ChallengesOne of the major topics discussed in the podcast is the Credit Card Competition Act. Kennedy emphasizes how credit card swipe fees often rank as the third highest cost for restaurants, following food and labor expenses. The proposed act seeks to introduce greater competition among banks by requiring the issuance of new cards to support at least two processing networks. This move aims to alleviate the financial burden imposed by swipe fees on restaurant businesses.NLRB 2023 Joint Employer Final Rule: Implications for Franchise OperatorsKennedy delves into the implications of the NLRB's 2023 Joint Employer Final Rule, which broadens the circumstances defining joint employer status under the National Labor Relations Act (NLRA). This rule change significantly increases liability risks for operators engaged in franchisor-franchisee relationships or independent contracts for onsite services. Kennedy highlights the Association's support for Congressional actions aimed at overturning this rule to protect operators' interests.FTC "Junk Fees" Proposal: Impact on Restaurant Pricing and TransparencyThe discussion extends to the Federal Trade Commission's proposed rule on "unfair or deceptive fees," targeting industries including restaurants. Kennedy outlines the potential consequences of the proposed rule, which could compel restaurants to eliminate various surcharges and adopt a pricing model reflecting total costs per item. This shift not only imposes substantial compliance costs but also diminishes customer transparency and affects the wages of tipped employees.Preserving the Tip Credit: Clarifying MisconceptionsKennedy addresses misconceptions surrounding the tip credit and labor groups' efforts to eliminate it. Contrary to claims of subminimum wages, Kennedy explains that tipped workers already earn at least the minimum wage, with tips supplementing their earnings. Preserving the tip credit is crucial for maintaining the current wage structure and ensuring fair compensation for tipped employees across the industry.Listen to the entire Episode and Subscribe!Savor.fm is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Get answers to common questions that will allow you to maximize your credit card rewards points and avoid common point planning pitfalls with our Nerdy expert tips. How can you travel more while spending less? How could changes in airline loyalty programs affect your travel plans? What are the benefits of co-branded airline or hotel credit cards versus flexible rewards cards? NerdWallet's Sean Pyles and Erin Hurd dive deep into credit card rewards points, addressing a range of topics that will resonate with anyone eager to maximize their credit card points and travel perks. They discuss recent changes in airline loyalty programs, including Delta and Alaska Airlines, and explore the advantages and drawbacks of co-branded airline or hotel credit cards and the benefits of using flexible rewards cards. They also present strategies for maximizing credit card sign-up bonuses while avoiding common mistakes that can lead to fewer rewards, and offer tips for how you can track and manage credit card points and perks. Sean and Erin also explain the pitfalls of carrying a balance on travel credit cards, the implications of credit card fees and surcharges at local stores, potential industry changes, such as interest rates and fee structures, and the potential impact of the Credit Card Competition Act on rewards programs. In their conversation, the Nerds discuss: credit card points, travel rewards, personal finance, airline loyalty programs, Delta, Alaska Airlines, co-branded credit cards, flexible rewards cards, sign-up bonuses, spending traps, unused points, strategic spending, credit card portfolio, tracking perks, minimum spending requirements, bonus categories, carrying a balance, credit card fees, everyday purchases, travel booking, annual fees, credit card industry, interest rates, reward system changes, credit card perks, value of points, credit card bonuses, and the Credit Card Competition Act. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Show Note Links: What Is the ‘Chase Trifecta'? How to Maximize Rewards With the AmEx Trifecta
What’s Trending: Boston mayor holds discriminatory party and Clint Henderson, The Points guy talks about why the Credit Card Competition Act is a bad idea–that will eliminate perks of certain credit cards. Big Local: Bothell dispensary gets hit yet again and a massive housing plan in Snohomish County gets approved. You Pick: A Transgender woman makes croquet history.
In this episode of "New Focus on Wealth," certified financial planner Chad Burton provides a comprehensive market update, discussing the recent rally in stocks, the bond market, and the potential impact of the Federal Reserve's interest rate decisions. He highlights the performance of different indexes, such as the NASDAQ, S&P 500, and Russell 2000, and emphasizes the importance of diversification in a balanced portfolio. Chad also delves into the value of credit card points and airline miles, addressing concerns about potential devaluation and the impact of the Credit Card Competition Act. Additionally, he shares insights on the significance of water consumption for overall health and retirement readiness, emphasizing the importance of staying hydrated and maintaining a healthy lifestyle. The episode concludes with a reminder to sign up for a webinar on retirement readiness and the benefits of using a corporate bond ladder in retirement planning. Timestamps: [00:01:10] Market update and rally. [00:03:42] Commercial refinance issue coming up. [00:08:46] Small cap market performance. [00:13:13] Value versus growth performance. [00:16:41] Market oversold in 2022. [00:19:30] Endless travel pass. [00:23:31] Retirement portfolio strategies. [00:26:05] Air miles devaluation concerns. [00:29:23] Value of airline miles. [00:33:56] Water consumption and health. [00:37:24] Retirement and community living. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com
#470: The economy is booming. GDP grew 4.9 percent last quarter, the fastest rate of growth since 2021. Consumer spending jumped 4 percent. Unemployment is holding steady at 3.8 percent, historically low. The U.S. added net new jobs for the 34th consecutive month. And yet – people are worried. Online discussion around layoffs at its highest point since July 2020. High-profile headlines about major staffing cuts – most recently from Schwab, which is dismissing 2,000 employees – fuel these fears. Why is there such a disconnect between sentiment, which is pessimistic, and economic data, which is robust? We explore that qu estion in today's episode. We also discuss the controversial Credit Card Competition Act, which if passed might eliminate credit card rewards like airline miles and cashback. We talk about Mint, the budgeting app with 3.6 million users, announcing that it's shutting down. We also share details about the student loan repayment debacle. And we describe a landmark court ruling for $1.8 billion – yes, with a B – against the National Association of Realtors and several real estate brokerages, a verdict that may revolutionize the business model of how homes are bought and sold. Enjoy our First Friday of November 2023 episode! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Stay up to date on news related to the furniture industry! In this episode, we cover:(00:42): "Residential Furniture Industry Faces Challenges Amidst Rising Orders and Declining Shipments"(03:25): "Wood Furniture Scorecard: Recognizing Retailers Championing Responsible Sourcing and Fostering Sustainability"(05:46): "GigaCloud Expands B2B Reach with Successful Asset Acquisition of Noble House Home Furnishings"(07:59): Title: "The Credit Card Competition Act: Protecting the U.S. Payments Market from China's Influence"(09:47): Strong Financial Performance and Future Expectations: Wayfair's Turnaround Efforts and Continued Growth(12:08): "Flexsteel Industries Reports Strong First Quarter Performance Amidst Economic Challenges"
Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories This week as the Las Vegas Strip continues to get spruced up for Formula 1, we learned that a stalled project may be getting some new life. Dream Hotel Las Vegas claims construction will begin again in early 2024. Will this boutique Vegas Strip hotel/casino actually get built? In other news the Culinary Union has stepped up their protests in an effort to get a new contract just as the Credit Card Competition Act aims to change credit cards and travel rewards forever. We also discuss Las Vegas recreated in Minecraft, the selloff in Downtown Las Vegas, which co-branded slot we want to see next and a private membership club coming to Wynn. About the Show Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with the audio being combined into this podcast. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com. You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!
Small business consultant, boutique co-owner and podcaster Kathy Cruz is already a very busy woman. But recently, she added retail advocate to her title. This summer, Kathy flew to Washington, D.C., to meet with members of Congress in support of the Credit Card Competition Act, which would enhance credit card competition and choice in order to reduce excessive credit card fees. On this episode, NRF's Senior Director of Grassroots Meghan Keivel Cruz talks to Kathy about her growing business, supporting her fellow business owners and why she's passionate about the retail industry. Learn more at retailgetsreal.com.
Our special guest is Zarik Khan, Founder and Managing Director of Finsolute Advisors. Congress is now considering whether to enact the CCCA, a bill that would require credit card issuers with assets over $100 billion to include at least two possible network processors on each card. We first look at the roles of the various parties involved in a typical transaction in which a consumer makes a purchase from a merchant using a credit card. We then discuss how the CCCA requirement for at least two networks would operate, its potential implications for smaller banks and credit unions, and its implications for each of the parties involved in a typical credit card transaction. After discussing the bill's political prospects, we assess the principal arguments made in support of or opposition to the bill, including the arguments made by the bill's opponents that the CCCA will reduce access to consumer benefits such as rewards programs and zero fraud liability protection. Alan Kaplinsky, Senior Counsel in Ballard Spahr's Consumer Financial Services Group, hosts the conversation.
Guest Lois Spillman, Kansas for Fair Credit Rules, joins to discuss the Credit Card Competition Act, cashless society, credit card rewards, and more. Guest Brent Davis, USD 259 school board candidate, joins to discuss graduation rates, education standards, and more. How much money do school districts use, and is it helping education quality? Difference in school district priorities around the state. Are we concerned about curriculum, or are we concerned about just keeping the doors open?
Part 2 of our Finovate recap features interviews with the founders of Best of Show winner Chimney and Top Emerging Fintech winner Union Credit. Also- Glen reveals his Best of Show ballot and the Credit Card Competition Act takes to the airwaves. Links related to this episode: Chimney: https://chimney.io/ Union Credit: https://www.unioncredit.app/ Finovate: https://informaconnect.com/finovatefall/ Last week's episode, featuring interviews with CD Valet and Best of Show winner Wysh: https://www.big-fintech.com/Media?p=finovates-window-into-an-evolving-landscape Our August interview with True Digital: https://www.big-fintech.com/Media?p=fintech-hotter-than-the-headlines Glen's Finovate recap for CUNA.org: https://news.cuna.org/articles/123055-generative-ai-deposit-gathering-are-hot-topics-at-finovate-fall VentureTech, November 6-8 in Frisco, Texas: https://myventuretech.com/ Follow the Best Innovation Group on LinkedIn: https://www.linkedin.com/company/best-innovation-group/ Follow Glen on X @154Advisors Follow John on X @jbfintech
HR3 What's Behind the UAW Strike | Credit Card Competition Act | Nosler Ammunition 9-20-23 by John Rush
Friday - Clark Stinks day! Christa shares Clark Stinks posts with Clark. Submit yours at Clark.com/ClarkStinks. Also today, the U.S. has the highest credit card processing merchant fees in the world - the system that feeds credit card rewards. Clark explains the industry battle surrounding the proposed Credit Card Competition act of 2023, which would allow free market competition for merchant processing. Learn what's at stake and where Clark stands on getting U.S. fees aligned with the world standard. Clark Stinks: Segments 1 & 2 The Credit Card Competition Act: Segment 3 Ask Clark: Segment 4 Mentioned on the show Home Equity Loan vs. HELOC: What's the Difference? Aven HELOC Card: 5 Things To Know About the Home Equity Credit Card Credit Card Car Rental Insurance: What You Need To Know Target Date Funds: Clark's Favorite Retirement Investment Equifax - Can Creditors Go After My Retirement Accounts? 3 Strategies for Building a Core Portfolio Should I Buy an AirTag for My Checked Airport Luggage? 4 Things To Know Before You Buy a Digital TV Antenna WSJ - Visa, Mastercard Prepare to Raise Credit-Card Fees Congress.gov - S.1838 - Credit Card Competition Act of 2023 Clark.com -Are Credit Card Rewards Going Away? The Best Places To Buy Unlocked Phones 6 Things To Know Before You Buy Gas at Costco Wholesale TOP TIER™ Gasoline Brands Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
Have you noticed that politicians will throw out the most wild policies right before reelection season? Weird. Jeremiah and Nic start by talking about the proposed "Credit Card Competition Act" legislation that will effectively get rid of the credit card reward system. RIP to the travel industry! Plus, are utility companies really that stable? In the recent incident in Lahaina, power companies have shown us once again how much of a liability they can be. Just be careful how you invest in them... Come the second hour, Brian swaps places with Nic and talk about another sector: aerospace and defense companies with in the United States. Finally, discussed is generating income and how to gain "alpha" within your company's 401(k) plan. It may not be as optimally managed as it should be. Hosts: Brian Wiley, Financial Advisor Jeremiah Bates, Financial Advisor Nic Daniels, BFA™, Financial Advisor The Real Money Pros https://www.therealmoneypros.com ————————————————————— SPONSORS: Academy Mortgage: https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor Lively (HSAs and FSAs) https://livelyme.com/pro Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Advisor Insurance Solutions: https://advisorinsurancesolutions.com/ —————————————————————
Pending legislation, the Credit Card Competition Act of 2023, would not only reduce credit unions' interchange income, it would threaten consumer data security, privacy, and access to credit. The bill could also harm credit unions' ability to give back to their communities. Sharing their insights are Jason Stverak, CUNA's deputy chief advocacy officer; Mike Lee, president/CEO at KCT Credit Union in Elgin, Ill.; Richard Gose, CUNA's chief political officer; and Keith Sias, senior vice president of governmental affairs at the Illinois Credit Union League.
#129: Today Chris shares the latest hacks, news, stories and deals related to travel, points and miles. He also shares a few kid related tips for parents, answers questions from listeners and shares an incredible story of how episode 104 saved a listener over $15,000. Link to Full Show Notes: https://www.allthehacks.com/mailbag-10 Partner Deals Facet: Personalized Financial Planning + $250 enrollment fee waived Shopify: $1/month trial for the easiest e-commerce platform DoorDash: 50% off a convenience, grocery or retail store order with code ALLTHEHACKS Mint Mobile: $15/mo for unlimited wireless on the nation's largest 5G network Masterworks: VIP access to skip the waitlist For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned All the Hacks: Membership Newsletter Credit Card Site Card Optimization Spreadsheet Leave a review: Apple Podcasts | Spotify Episodes #104: Optimizing Your Insurance Policies #124: Card Optimization, Last Minute Travel, Health Insurance Woes and AI Bedtime Stories #49: Travel Hacking Bora Bora on Miles and Points Ways To Donate To Maui: World Central Kitchen | Maui United Way | Hawaii Community Foundation CardPointers: 30% off the app that helps you earn more cash back, points, and miles (50% off for ATH Members) Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs (plus $25 off $125 with Amex Deal) Credit Card Links: Hilton Honors American Express Aspire Card BILT Credit Card Capital One® Spark® Cash Plus Chase Aeroplan® Credit Card Rental Car Companies: Liigu | Zipcar Things to do in Minneapolis: Activities: Minnesota Children's Museum | The Como Zoo and Conservatory Food: Moscow on the Hill The Read & Return Books Airport Program Southwest Airlines Same-day Standby Free for All Customers Delta SkyMiles and Starbucks Rewards Marriott Bonvoy Points with Uber Traveling with Kids: Free Car Seat on Hertz with AAA RideSafer Travel Vest Cosco Scenera NEXT Convertible Car Seat Bags for Parents: Fifty Fifty Gear (10% off with allthehacks) Free e-books: Library Extension Read Aloud Books: Novel Effect Apps for Pediatrician Telehealth: Summer Health | Blueberry Amex Offers (need to be added on Amex site/app): Get 20% Back on Google One Statement Credits From Retailers in the UK, Italy and France Home & Villas by Marriott Hilton Brand Hotels in Canada Wyndham Hyatt Centric Full Show Notes (02:10) Listener Wins (05:55) Chris & Amy's Trips to Bora Bora (09:40) Ways to Donate to Maui (10:09) Booking a Last Minute Trip To Bora Bora on Points (14:47) Hotel Service Experiences (18:08) Hang Up, Call Again (23:18) Rental Car Hacks: U.S & International (25:22) Things to Do in Minneapolis (26:47) The Read & Return Books Airport Program (27:33) Travel News & Deals (28:35) Traveling With Kids (31:06) Book Reading For Kids: Library Extension & Novel Effect (32:31) Pediatrician Telehealth Apps (34:15) Credit Card Competition Act (38:32) Switching From Capital One Credit Card to Charge Card (40:36) Sales Tax on Amex Points Transfer to United or Delta (41:27) Transfer Bonuses for Amex/Chase (42:44) Bilt Credit Card Rewards (46:13) Air Canada Aeroplan Credit Card (46:59) Capital One Spark Cash Plus Card (49:17) CardPointers App for Managing Credit Cards (51:16) American Express Offers (52:30) Hotel Offers (53:07) All the Hacks Newsletter Update Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Ralph welcomes the CEO of the National Cooperative Bank, Casey Fannon to discuss his bank's work serving cooperatives and other member-owned organizations. The NCB helps finance affordable housing, healthy food, renewable energy, small businesses, community-driven health care, and non-profit organizations and generally advises cooperatives around the country on how to build and grow. Plus, Ralph talks a little more about the Trump indictments and responds to some of your feedback.Casey Fannon is President and CEO of National Cooperative Bank, a leading financial services company dedicated to providing banking products to cooperatives and socially responsible organizations nationwide.Access to capital is one of the major stumbling blocks for any small business, but particularly small cooperative and new, young cooperatives.Casey FannonThere's a small tent view of cooperatives and a large tent view of cooperatives. And I think that by focusing on the big tent…allows for a better NCB. I think NCB is better, and I think our consumer cooperatives are better off that we are tied into the cooperative ecosystem in a more fulsome way.Casey FannonIn Case You Haven't Heard with Francesco DeSantis1. The progressive, Wisconsin-based legal group Law Forward has filed a brief with the Wisconsin Supreme Court alleging that the state's legislative maps violate the state constitution due to rampant partisan gerrymandering. Not only are the petitioners demanding new legislative maps, they are also calling on the court to cut all existing senate terms short. In practice, this would mean the entire legislature would be up for election in 2024. This could mean a political sea-change in the Badger State.2. The LA Times reports that AOC, along with ten other progressive members of Congress, are planning to visit Latin American nations led by Leftist governments, in order to “learn from our counterparts in these countries, including how to confront disinformation and violent threats to our democracies.” She went on to add “It's long past time for a realignment of the United States' relationship to Latin America…The U.S. needs to publicly acknowledge the harms we've committed through interventionist and extractive policies, and chart a new course based on trust and mutual respect.”3. In a win for workers, the Department of Labor has issued a rule on the Davis-Beacon Act, which “sets a wage floor for construction workers on public-works projects,” per the American Prospect. This law is also known as the “prevailing wage,” law as it sets benchmarks for wages in a given area. This rule could have major positive ramifications for workers as President Biden's infrastructure package and the CHIPS Act are put into action. This New Deal era labor rule was significantly weakened under the Carter and Reagan administrations, and labor groups have been pushing for its restoration ever since. The article notes however that “the rule…is expected to be immediately challenged,” with the Associated Builders and Contractors trade group poised to file a lawsuit as early as next week.4. In more labor news, the Washington Post reports that 11,000 Los Angeles city employees joined the writers, actors, and hotel employees in a one day strike to “shut down the city of Los Angeles,” according to David Green, executive director and president of SEIU Local 721. Green added “The message we're sending is that our workers are just fed up. They've reached a breaking point. And we need these folks in the city to come back to the table for the good of the city.”5. VICE reports that a group of 32 economists have sent a letter to the Federal Housing Finance Agency in support of rent control. This is the latest tactic in a campaign led by People's Action. The article notes that “Economists have historically been the strongest critics of rent control,” but, like on the issue of minimum wage “some economists believe the orthodoxy on the topic has been contradicted by research and real-world examples.”6. The climate focused news site Heatmap reports that the Department of Energy is launching a new procurement program focused on technology to “remove carbon dioxide directly from the atmosphere.” Notably, while agencies have “previously granted money to carbon-removal companies, funded R&D, or subsidized their activities, it has never pledged to buy their services directly.” Utilizing the government's purchasing power to effect changes in society more broadly has been done before, perhaps most famously with automobile airbags, following the advocacy of Ralph Nader. 7. A new report on 90 year-old Senator Dianne Feinstein in the New York Times covers the legal battle between her daughter and her step-daughters over her late husband's estate. Buried in this report is a startling fact – Senator Feinstein's daughter holds power of attorney over her mother's legal affairs. It is disturbing to think that a person incapable of managing their own legal affairs is one of only two Senators representing 40 million people in the upper house of Congress.8. DCist reports that the Washington, D.C. Democratic Party is suing to prevent ranked choice voting and open primaries from appearing as ballot measures in next year's elections. D.C. Democratic Party officials have claimed these reforms would disenfranchise voters, with one opponent even calling ranked choice voting “electoral gentrification.” Implicit in these criticisms is the fact that the overwhelming power of D.C.'s Democratic Party may be challenged somewhat by these reforms, opening electoral space for independents or other parties.9. The tech website Stackdiary reports that the ubiquitous teleconferencing app Zoom has quietly added sinister new sections to their terms of service. Put simply, sections 10.2 and 10.4 explicitly allow for the company to collect user data and “use this data for machine learning and artificial intelligence, including training and tuning of algorithms and models…effectively allow[ing] Zoom to train its AI on customer content without providing an opt-out option.”10. The American Prospect reports that a bipartisan group of Senators, led by Senators Dick Durbin of Illinois and Roger Marshall of Kansas, are championing the Credit Card Competition Act, which aims to crack down on credit card swipe fees by “forc[ing] card issuers…[like] (Visa and Mastercard) to enable competitor networks to manage the processing and routing—the service for which swipe fees are levied.” Panicked by these developments, “shadowy right-wing groups have been issuing mailers and other advertisements claiming the [the bill] is a liberal handout for “woke” big-box retailers like Target. One set of mailers was bankrolled by the Conservative Accountability Foundation, a newly formed organization based in Sen. Marshall's home state of Kansas but without a listed address or phone number.” In other words, corporations and their political front groups are pushing the culture war button to avoid consumer protection regulation. What else is new. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
The latest on the Credit Card Competition Act, FedNow's launch, and two credit union CEOs share their perspectives on deploying ChatGPT. Plus Glen actually says something (kind of) nice about Elon. Links related to this episode: Last week's full CU Town Hall session: https://www.youtube.com/watch?v=djZgiutF_JM BIG's crowdsourced initiative to help everyone understand how credit unions are using Generative AI tools like ChatGPT: https://www.big-fintech.com/Products-Services/ChatGPT-for-Credit-Unions Digital Transactions' recent coverage of the Credit Card Competition Act: https://www.digitaltransactions.net/the-ccca-wont-harm-card-issuers-ability-to-fund-rewards-cards-mpc-says/ The “Interchange Works” website (CUNA's advocacy page): https://protectinterchange.com/ FedNow's list of participants at launch: https://www.frbservices.org/financial-services/fednow/organizations Follow the Best Innovation Group on LinkedIn: https://www.linkedin.com/company/best-innovation-group/ Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech
Ted Rossman, Senior Industry Analyst from Bankrate says it's not the best idea because it will cause consumers to lose points on their credit card
Stay up to date on news related to the furniture industry! In this episode, we cover:(00:40): "Revolutionizing Furniture Shopping: The Power of the 3D Cloud Room Scanner"(03:29): "Addressing Swipe Fees: The Push for Credit Card Competition Act"(05:44): "TikTok Ventures into E-commerce: Competition against Chinese Retail Giants"(07:20): "Transform your space with Decorify: Wayfair's new generative A.I. model revolutionizes home design"
Visit the Savvy Shopkeeper website and click on “Credit Card Reform” in my main menu or click HERE to complete the Voter Voice form. I recently traveled to Washington DC to advocate for credit card reform on behalf of the Savvy Shopkeeper community and here's why... Visa and Mastercard dominate the U.S. credit card market. They account for 80 % of all credit card volume and have blocked competing networks that offer lower fees and better security from processing transactions made on their cards. This lack of competition has caused credit card swipe fees to rise year after year. And since they are a percentage of the transaction cost, they increase with every cent of inflation. A bipartisan bill in Congress can help fix this broken and unfair system. The Credit Card Competition Act makes important reforms to require that there be at least two competing processing networks enabled on each card. One could still be Visa or Mastercard but the other would have to be an unaffiliated independent network like NYCE, Star or Shazam, or even American Express or Discover. These reforms have the potential to save American businesses and consumers an estimated $15 billion per year. Contact Congress today and tell lawmakers to co-sponsor the Credit Card Competition Act now. Visit the Savvy Shopkeeper website and click on “Credit Card Reform” in my main menu or click HERE to complete the Voter Voice form.
Steve Forbes slams a new bill from D.C. politicians called the Credit Card Competition Act that is meant to take on swipe fees, explaining that its purpose simply does the bidding of giant retailers that will harm consumers.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today's episode of B2B Vault Allen & Justin well Allen talks and Justin sits there listening to him throw shots at #dickdurbin and the #usgovernment! The Credit Card Competition Act is a game-changer in the financial industry and in all seriousness shouldn't be taken lightly! Every small business owner should be paying attention to the implications of this act that could shape their financial future. #CreditCardCompetitionAct #smallbiz #smallbusiness #dickdurbin
Neighborhood Credit Union SVP of Marketing and Community Impact Jessie Swendig discusses interchange, the 2023 Credit Card Competition Act, and the importance of engaging in advocacy efforts.
This week's special interview-only episode of Extra Serving features Sean Kennedy, the executive vice president of public affairs for the National Restaurant Association. Kennedy spoke with senior editor Ron Ruggless about the new Credit Card Competition Act of 2023.The Act, introduced by U.S. Representatives Zoe Lofgren (D-CA-18) and Lance Gooden (R-TX-05), along with U.S. Senators Dick Durbin (D-IL), Roger Marshall, M.D. (R-KS), Peter Welch (D-VT), and J.D. Vance (R-OH), is meant to increase competition amongst credit card companies to combat “excessive” fees.The Act is aiming to get rid of the duopoly of Visa/Mastercard in the system to allow for more competition in the market and reduce fees, which are typically between 2% and 3%. According to the Act, in 2022 credit card issuers and their banks charged businesses $93 billion in fees.For more on this bipartisan bill, listen to the conversation with Kennedy exclusively on Extra Serving.
It's us, hi, we're the problem it's us. Taylor Swift is coming to town, selling out Detroit, and Justin and Emily are not missing this opportunity to talk about their Swiftie status. While the entire episode could be about “T. Swizzle” the two hosts move past it to recap the Detroit Chamber Mackinac Policy Conference, Michigan's success at the James Beard Awards earlier this week, and unfortunately Justin is proven right on the perennial QR code menu topic. They're also talking about a laundry list of issues facing the industry at the Capitol in Lansing including budget targets to secure some workforce support for the industry as well as post labor day school start. Emily passes the mic to Justin to break down everything happening at the federal level as well: Credit Card Competition Act, the Essential Workers for Economic Advancement Bill and the Tipped Employee Protection Act. Detroit Free Press' State Politics & Government Editor Emily Lawler joins the podcast to discuss her hot-takes on politics, growing Michigan's population, gravel bikes, baking and so much more (28:08). Presented by Fahey, Schultz, Burzych, Rhodes PLC. Find more information at https://fsbrlaw.com/.
National Restaurant Association's Sean Kennedy and Brennan Duckett discuss the Credit Card Competition Act and advocacy efforts to pass the bill encouraging competition to reduce swipe fee rates.In this episode, Sean Kennedy, Executive Vice President of Public Affairs, and Brennan Duckett, Technology and Innovation Policy Director for the National Restaurant Association, discuss the duopoly of Visa and Mastercard and the 20% increase in swipe fees in the past year. In advocating for the bill, Sean and Brennan encourage restaurant owners to share their stories of the outsized expense of swipe fees in restaurant owners' operations and aid in bringing a deeper understanding of the issue to Congress.(01:36) – Swipe fees(03:57) – Duopoly of Visa and Mastercard(06:41) – The Credit Card Competition Act(09:05) – Regulation(11:15) – Rewards programs(12:36) – Status of the Credit Card Competition Act(14:09) – Sharing stories and data to create changeFor more information, visit RestaurantsAct.com.This podcast is intended for general informational purposes, and nothing in this podcast shall be deemed to create or grant any rights to any third parties.If you'd like to receive new episodes as they're published, please subscribe to Order Up in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.
The Paychex Business Series Podcast with Gene Marks - Coronavirus
As new regulations are proposed, it's important that business owners understand the impact they could have on how they run their company. On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Gentry Collins, CEO of the American Free Enterprise Chamber of Commerce about some of the possible upcoming legislation. Listen in to hear about the importance of American Free Enterprise, the Credit Card Competition Act, federal minimum wage, and more. Topics Include: 00:14 – Meet Gentry Collins 01:55 – American Free Enterprise Chamber of Commerce 02:12 – Threat to American free enterprise 04:20 – Why become a member of this organization 06:47 – The Credit Card Competition Act 09:16 – The negatives of this the Credit Card Competition Act 11:26 – Legislation and regulations the organization supports 14:52 – New rules for worker classifications 17:53 – The negative effects of national federal minimum wage 20:57 – Impact of immigration on the economy 24:36 – Wrap up Learn more about the new proposed new worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule. Read more about some of the top regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues. Find out more about the American Free Enterprise Chamber of Commerce at www.amfreechamber.com. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
The Credit Card Competition Act would bring long-overdue competition to the credit card marketplace, significantly reducing swipe fees. Here's what you need to know—and do—to help move this effort forward. Related Link: Fix Swipe Fees Hosted by: Jeff Lenard and Chrissy Blasinsky About our Guest: Doug Kantor, NACS General Counsel Doug joined NACS in May 2021 after serving as a partner at Steptoe & Johnson LLP, where he worked with the NACS government relations team to define effective policy-based solutions on issues ranging from fuels to financial services. He has established and administered coalitions of companies and trade associations that share common legislative and regulatory objectives, including the Merchants Payments Coalition and its work to reform credit and debit card swipe fees.
John and Glen discuss the Credit Card Competition Act, the lessons that can be gleaned from “Durbin 1.0”'s impact on debit, the potential impact on credit interchange, and possible workarounds. Also, John declares body parts in his checked baggage. Links related to this episode: The FII Institute: https://fii-institute.org/ BAI's take on the implications of Durbin 2.0: https://www.bai.org/banking-strategies/article-detail/whats-next-if-durbin-2-0-becomes-law/ Business Insider's take on the political machinations: https://www.businessinsider.com/personal-finance/credit-card-competition-act-good-veterans-bad-for-rewards-2022-10 CUNA's stance on attempts to attach the bill to the National Defense Authorization Act: https://news.cuna.org/articles/121611-financial-services-trades-to-congress-ndaa-shouldnt-be-a-payday-for-retailers Payment Dive's update on the latest twist that may keep interchange out of the NDAA: https://www.paymentsdive.com/news/credit-card-payments-competition-bill-durbin-congress-defense-spending-bill/633904/ Join us live every other Wednesday at 3pm ET/Noon PT for the CU Town Hall, an interactive discussion of the most pressing issues facing credit unions: https://www.cutownhall.com/ Follow the Best Innovation Group on Twitter: @bigfintech Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech
It's time for FinTech Friday - and we will be talking about what's going on in Fintech! The hot topics in the news that we will be talking about today: Buy Now Pay Later Zelle and Fraudulent Transactions Update on Durbin 2.0 - it hits a roadblock! What can consumers expect if this does get passed and it;s not good! Gen Z- and Metaverst Payments Delinquency on Credit Card Payments and Chargeback Activity More Software companies are integrating payments to their applications Enjoy this edition of FinTech Friday's! Carpe Diem
While the recent attempt by Senator Durbin to attach this regulation as an amendment to a defense spending bill has failed, he still seems determined to further regulated Visa and Mastercard by requiring the creation of competitive networks and giving them a fighting chance. What does this mean for our industry? This is our topic on the Merchant Sales Podcast today. James Shepherd starts out the episode with a quick tutorial on Interchange, Issuing Banks and Acquiring banks and then he is joined by attorney James Huber to discuss how the Credit Card Competition act seeks to disrupt the payments ecosystem.
Glen talks with Money 20/20 President Tracey Davies about what to expect at the upcoming flagship event, and why this batch of ideas won't be staying in Vegas. Also, the Credit Card Competition Act gathers momentum. Links related to this episode: Money 20/20 USA, October 23-26: https://us.money2020.com/ The Points Guy's take on the Credit Card Competition Act: https://thepointsguy.com/news/update-credit-card-competition-act/ Titus Andronicus: https://www.youtube.com/watch?v=l9He-ZJCl3Y Join us live every other Wednesday at 3pm ET/Noon PT for the CU Town Hall, an interactive discussion of the most pressing issues facing credit unions: https://www.cutownhall.com/ Follow the Best Innovation Group on Twitter: @bigfintech Follow Glen on Twitter @154Advisors Follow John on Twitter @jbfintech
Today in Fintech Friday we are diving into Durbin 2.0 and the credit card competition act We talk about - Durbin 1.0 and what the effects were who won and who lost. We talk about Durbin 2.0 and why it is not going to work. The time is now to write to your congress people and tell them to vote NO on this bill. This is going to help big companies and not help the average business. This bill will screw up the economy, consumers will pay higher interest rates, rewards programs will go away and prices at stores will not go down. We explain everything in a easy to understand format - don't be fooled that Durbin and congress are going to help people. This bill will do more harm than good! Carpe Diem
Merchants rejoice? Credit card interchange regulation is on the table with the Credit Card Competition Act of 2022. But the new rule proposed by Senators Dick Durbin and Roger Marshall is pretty unusual, and the researchers at Glenbrook have been hard at work trying to figure out what it means for the industry. How is it different from existing debit interchange regulation and credit interchange regulation in other jurisdictions? And how will players across the value chain react if the rule takes effect? Will anything really change? Glenbrook's Justin Pituch joins Yvette Bohanan to discuss potential implications. https://pof.glenbrook.com/
“Get engaged and stay engaged.” - Greg MesackThank you for tuning in to episode 41 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.My guest today is Greg Mesack, SVP of Government Affairs at NAFCU. The team at NAFCU advocates for credit unions nationwide by interacting with government officials and policymakers allowing credit unions to continue serving their members. Through financial advocacy, NAFCU helps protect members from financial institutions that may not have consumers' best interest at heart. NAFCU is committed to representing, assisting, educating and defending our member credit unions to help them grow, and help grow the industry as well.In this conversation, Greg and I talk about how credit unions are critical in this current economic state and what NAFCU is doing to protect them. Along the way, Greg discusses the Credit Card Competition Act of 2022 (CCCA), the battle between banks and retailers, rapid consolidation, and inflation. He explains how these pull resources from economically-distressed areas, especially rural and inner city communities. Greg speaks passionately about financial advocacy, and he shares how people can get involved.As we wrap up the episode, Greg talks about Tom Brady, his hack for keeping up with sports, and the product he can't live without. Enjoy my conversation with Greg Mesack!Find the full show notes on cuinsight.com.Connect with Greg:Greg Mesack, SVP of Government Affairs at NAFCUgmesack@nafcu.orghttps://www.nafcu.org/ Greg: LinkedIn | Twitter NAFCU: Twitter | Facebook | Instagram | LinkedIn | YouTube
Credit Card Competition Act would harm members and credit unions