Louisiana Bankers Association
Recent News About Louisiana Bankers Association
-
Louisiana Bankers Association CEO on Credit Card Competition Act: If passed, 'would expose customers and their credit card data to weaker cyber-security protections'
The Louisiana Bankers Association's (LBA) said it seconds prior criticism of Senate Bill 1838, known as the “Credit Card Competition Act,” which would require banks to offer merchants at least two network options, one of which cannot be Visa or MasterCard, for processing credit card transactions, thereby increasing security and fraud risks, according to the organization's leadership. -
Landry, Louisiana bankers urge Biden administration to rescind account surveillance plan
Jeff Landry has joined 19 fellow state attorneys general in calling on the Biden administration to withdraw a proposal requiring banks to report to the IRS when funds move in and out of financial accounts containing more than $600.