Durbin bill may shift airline rewards landscape

U.S. Senator Dick Durbin has reintroduced the Protect Your Points Act, legislation focused on airline loyalty programs. The bill aims to reform how frequent flyer miles and co-branded credit card rewards are managed. This legislative effort could have ripple effects beyond the airline industry, potentially influencing reward structures across the broader payments and financial services ecosystem. The proposed changes may lead to a greater emphasis on flexibility and consumer protection within loyalty programs.