Credit unions have argued before U.S. District Judge Richard Leon in defense of the Federal Reserve's existing Durbin amendment regulation.
When Kyle Markland was hired at Affinity Plus Federal Credit Union at the age of 33, he admits that the board took a chance on bringing in someone so young to lead what was then a $357 million cooperative.
CUNA, NAFCU join opposition to merchants' bid to cut debit interchange deeper.
From the Durbin amendment to Reg E, recent regulatory developments have financial institution executives seeking new sources of revenue. However, instead of embarking on the quest, financial services industry executives should look to return to the basic fundamentals and focus on interest income, the most important revenue component for...
The furor over debit card fees left many consumers with the impression that banks benefited from the change in interchange regulations, a new study shows.
Saying that the debit card swipe fees set by the Federal Reserve were neither reasonable nor proportional, the National Retail Federation and other groups have sued the agency.
Los Angeles credit union said cards were rejected because of expiration dates and members told to offer 'big bank' cards.
Retail groups say Fed has failed to regulate swipe fees under intent of Dodd-Frank.
Illinois senator blasts lengthy disclosures, asks FTC to study impact of interchange fee cap.
Two legislators have announced they will file a bipartisan bill in the House to repeal the Durbin amendment and remove its cap on debit card interchange.