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.
Kansas City economist says debit cap increases access to no-fee accounts, especially in competitive markets.
The case deciding whether credit unions will have to reissue their debit cards inched closer to a conclusion Nov. 20.
The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 District Court decision overturning its current rule.
Trades join bank associations in filing, say that original rule was bad and made worse by July court ruling.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.