Letter sent in advance of Thursday's CFPB roundtable with Federal Trade Commission.
Fed said data it collected show all networks provided a higher average interchange fee to exempt issuers than non-exempt issuers in 2012.
The Bank 2.0/3.0 author concludes with how the bank account’s digitization has an inevitable result for bricks-and-mortar branching.
Earlier this year, the Credit Union National Association tried to tout a survey of its members to support the claim that credit unions have been hurt by debit swipe fee reform.
It didn’t take long to hear the buzz when the Consumer Financial Protection Bureau reminded indirect lenders that they must comply with certain regulations to ensure that they are not discriminating against minorities when marking up interest rates.
NADA, NAMAD say bureau is relying on statistical analysis of past transactions, not intentional conduct.
If you know someone's phone, Social Security or credit card number, you have a direct link to their identity.
The old-fashioned holdup may not hold a candle to these inside jobs, identity thefts and cyber heists, especially for crooks who want to avoid jail.
Trade writes letter to commission, arguing its report is based on "selective information."
Merchant Payments Coalition cites CUNA survey, says smaller-asset institutions shielded from interchange cap.