LAS VEGAS — Annual loss of revenue to $11.5B credit union could increase if Federal Reserve rewrites rule, BECU exec tells ACUMA confab.
Trades add their voices to briefs filed with federal judge in interchange swipe case.
Keefe, Bruyette & Woods analysts say Justice Department could consider regulator's case too weak to pursue.
When will it end?
Latest round in battle between card brands and retailers seeks rejection of interchange settlement.
Fed said data it collected show all networks provided a higher average interchange fee to exempt issuers than non-exempt issuers in 2012.
The retail group, which had not been part of the original litigation, had been criticizing the settlement for months.
Just when it might become more important than ever to be able to track the interchange that debit transactions generate for credit unions, many, if not most, may have not begun to uncover their debit programs’ bottom lines.
Durbin Amendment proponents, opponents hail, assail this week's announcement by Fed.
WASHINGTON – Rep. Spencer Bachus (R-Ala.) had good news for credit unions during his speech Tuesday morning at CUNA’s GAC.