Credit unions wondering if the courts would make them change their debit card programs can rest easy for now.
After the Fed's current interchange rule was upheld in court, plaintiff retailers say they may appeal to the Supreme Court.
After nine months of uncertainty regarding the minimum number of required debit networks and other details, the Fed's rule will not change.
A three-judge panel may wind up preserving the Fed's debit interchange regulation, which a lower court invalidated last year.
Counsel to retail plaintiffs explains that the Durbin Amendment precludes Fed from including fraud costs in the debit interchange cap.
WASHINGTON — Judges reviewing 2013 ruling that tossed out much of the Fed's interchange reg appeared open Friday to leaving much of it in place.
Debit card issuers, Fed and merchants will present cases regarding how the Fed interpreted Dodd-Frank's Durbin Amendment.
Electronics Payment Coalition counters NRF and other appealing firms don't represent most retailers.
Legal battle continues over Federal Reserve's interchange rules stemming from Dodd-Frank.
Year 2013 ended with the Federal Reserve’s debit interchange rules still unresolved.