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By David Morrison |
November 21, 2012
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.
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By David Morrison |
November 9, 2012
Decision can still be appealed and National Retail Federation said it's considering that route.
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By Sarah Snell Cooke |
May 16, 2011
Everyone needs a Plan B in life–an exit strategy in case what you’re doing doesn’t pan out. Credit unions are no different.
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By Claude R. Marx |
March 14, 2011
Community banks could lose money and consumers could have to pay higher fees if the Federal Reserve implements its debit interchange proposed rule as is, FDIC Chairman Sheila Bair wrote Federal Reserve Chairman Ben Bernanke.
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By Dick Durbin |
March 2, 2011
Last year, Congress passed landmark legislation to reform the interchange fee system in America. This bipartisan effort came after years of congressional hearings and Government Accountability Office studies that made clear that the interchange system was on an unsustainable course.
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By Myriam DiGiovanni |
February 16, 2011
With financial institutions scrambling to find new revenue streams, a new Aite report identifies the 10 trends that will help.
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By David Morrison |
October 13, 2010
Illinois senator Richard Durbin, a Democrat, has defended the debit card interchange amendment that bears his name, suggesting that the bank that has brought suit against it in federal court does not really understand it.
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September 15, 2010
Representing one of the world's fastest growing credit union movements, 12 representatives from Uzbekistan's Central Bank arrived at WOCCU's Madison, Wis. headquarters late last month to explore best practices and other strategies.
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By David Morrison |
August 11, 2010
A controversial study from researchers affiliated with the Federal Reserve Bank of Boston suggests that lower income consumers who generally use more cash and debit cards subsidize the credit card use and rewards of wealthier consumers.
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By Guest Blogger |
July 9, 2010
Ed Mierzwinski, consumer program director at the non-profit, non-partisan U.S. Public Interest Research Group, shares why reg restructuring is good for everyone.
