A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
Merchant Payments Coalition cites CUNA survey, says smaller-asset institutions shielded from interchange cap.
The Electronic Payments Coalition expects both sides of a proposed settlement on card interchange will file definitive settlement agreement on Friday.
The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.
Retailers, issuers to face off again in court Tuesday over interchange rate.
Electronics Payment Coalition does some comparison shopping a year after Durbin amendment took effect.
Retail group points to $18 million in savings each day.
Merchants Payments Coalition report says interchange rates not to blame for bank fee boosts.
Reaction to settlement of longstanding credit card anti-trust suit.
Retail associations are celebrating what they are calling a year since their legislative victory in the battle over the Durbin amendment by asserting that none of amendment opponents' dire predictions have come true.