interchange income

• Grocers Opt Out of Interchange Settlement

  By David Morrison  |  February 22, 2013

  National Grocers Association was one of original litigants in the anti-trust case and now rejects the preliminary settlement.

• Durbin Amendment Impact: $1 Million For CUs in Third Quarter 2012

  By David Morrison  |  February 19, 2013

  CUNA says data shows $1.38 million loss for 155 credit unions in that quarter alone in data trade studied.

• Judges Decline Early Appeal of Card Decision for a Second Time

  By David Morrison  |  February 1, 2013

  Federal appeals court again rebuffs efforts to oppose interchange settlement until settlement is finalized.

• Interchange Pinch Felt by Many CUs

  By David Morrison  |  January 9, 2013

  A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.

• Definitive Interchange Settlement Expected

  By David Morrison  |  October 19, 2012

  The Electronic Payments Coalition expects both sides of a proposed settlement on card interchange will file definitive settlement agreement on Friday.

• Swipe Cap Hearing in D.C. Court

  By David Morrison  |  October 14, 2012

  The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.

• Federal Judge to Hear Arguments About Debit Interchange

  By David Morrison  |  October 2, 2012

  Retailers, issuers to face off again in court Tuesday over interchange rate.

• Financial Institutions Claim Debit Cap Costs Consumers

  By David Morrison  |  September 28, 2012

  Electronics Payment Coalition does some comparison shopping a year after Durbin amendment took effect.

• Durbin Calls on CFPB to Mandate Checking Fee Disclosures

  By Claude R. Marx  |  November 3, 2011

  Illinois senator blasts lengthy disclosures, asks FTC to study impact of interchange fee cap.

• Durbin Cap Repeal Pushed by Congressmen

  By David Morrison  |  October 17, 2011

  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.