The longstanding dispute over credit card fees and payment practices appeared to come to a close last week when the U.S. District Court for the Eastern District of New York announced a preliminary settlement in a dispute between retailers, the major card brands and at least nine major card issuers.
Reaction to settlement of longstanding credit card anti-trust suit.
NAFCU, ABA react to FHFA director comments about considering principal forgiveness for some underwater loans at Fannie Mae and Freddie Mac.
Trade group engages in ad fight with banking counterparts.
If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Frank Keating, president/CEO of the ABA, said the group will do what it takes to keep new small business legislation from moving forward.
CUNA's Cheney, NAFCU's Berger and Thaler, and bank industry counterparts all on list.
ABA Executive Vice President for Congressional Relations and Public Policy Floyd Stoner will retire at the end of the year.
Illinois senator asks ABA to back off from "massive lobbying effort."
On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions’ tax-exempt status and raising the cap on member business lending, the industries’ interests diverge.