Sen. Dick Durbin (D-Ill.) files an amicus brief with the Supreme Court, arguing for a lower Fed interchange cap.
Some retailers appeal a settlement other retailers had reached with Visa, MasterCard and six major banks.
Appeals may delay final implementation while credit union trade groups watch for fee, other impacts.
The case deciding whether credit unions will have to reissue their debit cards inched closer to a conclusion Nov. 20.
Coalition files brief Wednesday in appeal of July order dismantling much of Fed interchange rule.
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.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.
Merchants and card issuers released separate studies Oct. 1 that made contradictory claims regarding the effect the Durbin Amendment’s interchange cap has had on consumers. The groups timed their releases to coincide with the two-year anniversary of cap’s effective date.
Agrees with retailers that Empire State law against informing consumers infringes on First Amendment rights.
Electronic Payments Coalition report counters debit interchange savings found in retailers report issued earlier Tuesday.