A National Retail Federation petition to the Supreme Court filed on Aug. 18 claimed debit card interchange rates represent an issue of staggering importance.
National Retail Federation and other groups attacked the amount of debit card interchange allowed.
Retail trade associations and firms call the Fed's debit interchange rule an issue of staggering importance.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
Federal judge throws out Durbin Amendment's 21-cent cap in emphatic ruling.
Just when it might become more important than ever to be able to track the interchange that debit transactions generate for credit unions, many, if not most, may have not begun to uncover their debit programs’ bottom lines.
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.
A California credit union's concerns that Los Angeles retailers may be steering their members away from using their credit union-issued debit cards appeared unfounded last week.
The definition of what or will not constitute a qualified residential mortgage may be the most important and least appreciated or understood financial regulation facing credit unions this year.
This look at a key Aug. 1 deadline is just one of the articles that will appear in the next edition of Credit Union Times.