Merchants and card issuers released separate studies Oct. 1 that made contradictory claims regarding the effect the Durbin Amendment’s interchange cap has had on consumers. The groups timed their releases to coincide with the two-year anniversary of cap’s effective date.
Electronic Payments Coalition report counters debit interchange savings found in retailers report issued earlier Tuesday.
Merchant Payment Commission trade group uses economist's data from 27,000 retail sites to reach conclusion. NAFCU unimpressed.
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.