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Durbin’s Airline Points Bill May Spur Shift to Flexible Rewards

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Legislation aimed at airline loyalty programs may reshape how rewards work across the broader payments ecosystem. Thursday (March 26), U.S. Sen. Dick Durbin (Democrat, Illinois) announced he had reintroduced the Protect Your Points Act, which initially debuted in the last Congress. And per the bill, the legislation centers on frequent flyer programs and co-branded cards, but its provisions reach f...
This article discusses the reintroduction of the Protect Your Points Act by Senator Durbin, which aims to regulate airline loyalty programs and co-branded cards. The bill introduces a degree of consistency into the variable redemption rates and shifting availability of points by requiring real-time valuation and advance notice of devaluation. However, the ultimate fate of this legislation is uncertain due to Durbin's retirement. The article also highlights a shift in consumer behavior away from ...