Reg II Awareness with Brandi Gregory // Cornerstone Hot Takes

So I think even after the Durbin announcement came out, the change on October 1, we need to still continue to think about and dig into what we told our issuers to care about, which is, what is your spend mix?

What’s super interesting, and what’s unfolded since this came out and we started putting the pressure on folks to look at their spend mix, is we’re hearing from folks that they’re going to see, you know, a 9% shift in interchange.

So this is real. It’s not pretend. We are, I think, one of the few organizations that’s putting awareness out there and shining a light on this.

I said to somebody the other day, I feel like a rain cloud, right? I’m the rain cloud, and I’m not raining yet, but I’m dark and I’m moody.

But just know, we’re continuing to be our issuers’ advocates. We’re meeting with the networks, we’re talking to the brands, we’re trying to figure it out and make sure we uncover every rock so that they can feel educated, ready and informed for July 1.

Yeah.