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Research Report 

Future Harm From New Credit Card Regulations

The CCCA has the potential to financially harm credit card issuers, consumers and merchants. This report demonstrates six ways the CCCA will negatively affect all parties involved in this debate, including those the bill sponsors indicate would benefit if the proposed legislation is passed and implemented.

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What You'll Learn in this Report

  • Reduced Revenue for Card Issuers
  •  Minimal Pass-Through Savings to Customers
  • Increased Cost of Fraud to Issuers
  •  Increased Annual Fees for Customers
  • Reduced Revenue for Merchants
  • Limited Options for Unsecured Credit

Report Stats At a Glance

1.2%

 

of merchants reduced prices after debit fees were cut nearly in half by the Durbin Amendment.

16.3%

 

of credit cards had an annual fee in 2022, with fee ranges from $53 to $129 per year.

17%

 

increase in average credit limits over the past decade, reaching an average of $26,069 per cardholder in 2022.

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Our Strategic Planning services will help your leadership answer the big questions—where are we, where could we be, how do we get there and what’s the impact. Our seasoned consultants will work with you to develop a strategic plan that will empower your organization to achieve tangible “right now” results, as well as build a roadmap for ongoing value creation and success.

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About Cornerstone Advisors

For over 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks, credit unions and fintechs. From technology system selection and implementation to contract negotiations, vendor management, performance improvement programs, strategic planning, merger integration and enterprise program management, Cornerstone combines its expertise with proprietary data and research to help financial institutions thrive in today’s challenging environment. For more information, visit www.crnrstone.com, connect with us on LinkedIn and Youtube, and subscribe to GonzoBanker® for our opinionated take on all things banking.