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.
National Cooperative Bank executive calls banks' BSA reasons for dumping credit unions "an excuse."
St. Louis central bank researchers discovered similar growth patterns despite "the often-heated rhetoric of competing advocates."
As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.
Huntington, JPMorgan Chase closed accounts at up to 30 West Virginia, Ohio credit unions, their corporates say.
Credit Union Economics Group meets with Federal Reserve officials for 11th year.
A new report from the Center for Responsible Lending has documented that payday lending at six large banks is continuing, and the reported alleged it is damaging consumers financially.