Fed nominee says larger banks in line for more regulation.
The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 District Court decision overturning its current rule.
Trades join bank associations in filing, say that original rule was bad and made worse by July court ruling.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.
Fed districts report vacancy rates continued to fall, rents rose, and the outlook was generally positive.
Fidelity Investments on Wednesday confirmed an NPR report that the investment giant was no longer holding U.S. Treasury notes that mature in October.
OCC, Fed posting in Federal Register gives snapshot of what's coming from NCUA.
Sessions, Corker, Cornyn, Roberts speak out on Fed nominee. "Ms. Yellen subscribes to the liberal school of thought."
House Financial Services chair opines on Fed nominee. NAFCU's Berger cites prior contacts with current Fed vice chair.
The debit card interchange cap will cost the $11.5 billion BECU between $35 and $45 million in 2014.