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.
Electronic Payments Coalition report counters debit interchange savings found in retailers report issued earlier Tuesday.
This Opinion piece warns to get ready to avoid the damage many credit unions would sustain should bond values swoon.
"Be ever vigilant," CUNA Mutual Economist Dave Colby says of potential economic shudders ahead.
Fed-watching economist Ed Yardeni sees promise, problems in widening yield curve and credit spreads.
The Federal Reserve may appeal U.S. District Court Judge Richard Leon’s interchange debit decision by arguing the judge gave undue weight to opinions of Senator Richard Durbin (D-Ill.) when evaluating the regulation.
Keefe, Bruyette & Woods analysts say Justice Department could consider regulator's case too weak to pursue.
Glenn Barks from Missouri and Michael Castellana from New York repeat on Fed panel with bankers.
FOMC continues rate at between zero and .25% and securities purchases at $85 billion per month.