CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Retail group points to $18 million in savings each day.
A retail group which was not a party to the original anti-trust fight between retailers and major card brands and card issuers over credit card interchange said it is moving closer to taking legal action to try and block a settlement in that case.
National Retail Federation exploring intervention, not a party to the original legal fight.
Fourth quarter payment card interchange may be coming in stronger than year befrore, as well.
Credit unions looking to boost fee income with card interchange from holiday sales may not see as much holiday cheer as last year.
New debit cap "is going to create a train wreck that will affect every consumer with a debit card," says CUNA President/CEO Bill Cheney.