Merchant Payments Coalition says credit unions, community banks have benefited.
Illinois senator files brief in case seeking to force Fed to cut interchange costs further.
Rep. Ron Paul (R-Texas) is going to get his congressional hearing on Federal Reserve reform, with a little help from his friends in the House.
Fed says most credit unions didn’t experience a drop in interchange income immediately after the Durbin Amendment went into effect last fall.
The Federal Open Market Committee on Wednesday maintained the federal funds rate at a range of zero to 0.25%.
Credit unions have argued before U.S. District Judge Richard Leon in defense of the Federal Reserve's existing Durbin amendment regulation.
Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled...
In January, we learned the Federal Reserve is unlikely to raise interest rates until late 2014. With recent declining net interest margins, regulatory reform eating away at our fee income, the NCUA’s assessments and other earnings pressures on the horizon, improving noninterest income is more important than ever.
Fed rules would affect reserve requirements; trades also ask for changes in convenience transfer limitations.
Becker letter asks for more for fraud prevention costs as Oct. 1 approaches.