Washington appeals court posts schedule for Fed's Durbin overthrow appeal.
Some things to consider before filling in all the blanks, like maybe new UBIT tax, interchange rate and interest rate impact on the bottom line.
The Federal Reserve announced in an Aug. 21 court hearing it will defend its current debit interchange rule before an appeals court. And in a twist, the Fed also said it will join forces with its opponents to seek a speedy appeal decision.
This week, I received the same dreaded email that you did, or soon will: it’s time to work on the 2014 budget.
Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.
Fed, merchant coalition tell judge they plan to appeal debit interchange ruling.
An irate judge threw the Federal Reserve another curve ball during an Aug. 14 hearing when he gave the regulator until Aug. 21 to persuade the court why its 21-cent interchange debit cap should not end.
Hearing on Wednesday to focus on how Fed would replace interchange cap and network rules.
The credit union is making the addition through a deal with Dolphin Debit, the same ATM provider that is driving CU24's EasyATM program.
Judge raised the possibility of ordering card issuers to pay merchants while he gave Fed another week to explain how it would amend cap rule.