Durbin Amendment proponents, opponents hail, assail this week's announcement by Fed.
WASHINGTON – Rep. Spencer Bachus (R-Ala.) had good news for credit unions during his speech Tuesday morning at CUNA’s GAC.
U.S. Public Interest Research Group director downplays potential consumer impact; sides with merchants in surcharge snit.
Federal appeals court again rebuffs efforts to oppose interchange settlement until settlement is finalized.
Under interchange settlement, merchants can no charge for surcharges, but doubts remain if that will happen.
Trade writes letter to commission, arguing its report is based on "selective information."
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.
Merchant Payments Coalition cites CUNA survey, says smaller-asset institutions shielded from interchange cap.
Card fight promises to go another round.
The multiple-party, multiple-year case over credit card interchange moved one step closer to resolution on Nov. 9 when the Honorable Judge John Gleeson granted preliminary approval of the settlement agreement between retailers, payment networks and nine major card issuers.