CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms.
Judge raised the possibility of ordering card issuers to pay merchants while he gave Fed another week to explain how it would amend cap rule.
Whether or not the Federal Reserve can or will appeal the July 31 court decision that overturned two-thirds of its debit interchange regulation hinges on several unresolved legal questions.
A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.
Judge didn't hint outcome in oral arguments. Unresolved questions - including legal standing - about ability to appeal.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.
Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.
Trade group files brief in federal appeals court arguing that credit unions are working in good faith to comply with regulations.
Court rejects tax exemption arguments as not being part of Federal Credit Union Act intent.