Mallory Duncan

• Credit Card Interchange Fight Looms

  By Claude R. Marx  |  October 10, 2011

  Months after their victory over banks and credit unions on the debit interchange issue retailers are gearing up to fight another battle.

• Good Faith + Care = 21 Cents

  By Claude R. Marx  |  July 3, 2011

  Credit unions got a bit of good news when the Federal Reserve reversed itself and announced that debit interchange fees will be capped at 21 cents a transaction, up from the original proposal of 12 cents, with a 1 cent fee for fraud prevention and a five basis point allowance...

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  Print Preview: Good Faith + Care = 21 Cents

  By Claude R. Marx  |  June 30, 2011

  This article about the Fed's move on the interchange cap is just one of the articles that will appear in the next print edition of Credit Union Times.

• Trades Seek To Maim Interchange Cap

  By Claude R. Marx  |  March 2, 2011

  Comment letters, congressional testimony and in-person visits with lawmakers in Washington are key components of a concerted strategy to kill, delay implementation of or at the least modify the Federal Reserve’s proposed rule on debit interchange fees.

• Card Probe Ends With a Whimper for MasterCard, Visa; Amex Vows a Fight

  By David Morrison  |  October 13, 2010

  The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.

• Reactions Vary to DOJ Card Actions

  By David Morrison  |  October 5, 2010

  Consumer and retail groups are praising the U.S. Department of Justice's actions against major credit card brands, but analysts are split about whether the moves will result in real lower prices for consumers.

• Retailers Take Their Case to Vermont Legislature

  By David Morrison  |  April 22, 2010

  Retailers appeared before a committee of the Vermont legislature on April 21 in support of pending legislation that would allow Vermont retailers to give discounts to customers who paid by cash or debit card.

• Retailers Unhappy Financial Reform Does Not Cover Card Interchange

  By David Morrison  |  March 16, 2010

  Retailers expressed disappointment this morning that the Senate version of financial reform legislation formally unveiled yesterday does not address the issue of credit and debit card interchange.