Sen. Dick Durbin (D-Ill.) files an amicus brief with the Supreme Court, arguing for a lower Fed interchange cap.
It's short-sighted for credit unions to dismiss new competition from two giants with loyal customers.
A credit union CEO and a financial analyst say Wal-Mart's new checking account won't directly compete with credit unions.
The retailer expands its reach into financial services with the new insurer partnership.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Community bankers lobby says it's researching how to fight Wal-Mart/Amex prepaid card's move toward offering more banking services.