The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.
AP survey shows consumers would abandon debit cards and turn to cash, check or credit if fees imposed.
President Kennedy famously said after the Bay of Pigs debacle that “victory has a thousand fathers; defeat is an orphan.”
NAFCU's Becker says Fed rule capping debit interchange will cost jobs at "Main Street financial institutions."
Vote now set for Wednesday on move to delay implementation of Fed's new debit interchange cap.
SAN FRANCISCO — Loan growth, compliance concerns and the interchange cap were on the minds of marketers at a MAC forum.
Senate meeting this week only enough to prevent recess appointment of Warren to head of new CFPB.
At a recent credit union meeting when I raised the subject of the NCUA’s recent proposal to permit credit unions to voluntarily prepay assessments, earning 0% interest with the agency, CEO heads were shaking. All in disbelief and all in response to the question, “Will your credit union be participating?”
Loss of interchange income would impact financial ability to respond to potential fraud and breach cases, CUNA argues.
Brief filed in TCF National Bank lawsuit argues that banks and credit unions deserve same protection as public utilities.