Kansas City economist says debit cap increases access to no-fee accounts, especially in competitive markets.
Durbin Amendment proponents, opponents hail, assail this week's announcement by Fed.
Merchants Payments Coalition report says interchange rates not to blame for bank fee boosts.
The Senate came back last week and didn’t take up legislation to delay the delayed implementation of the Fed's rule regulating debit interchange rates. But the NCUA and trade groups weighed in again about the impact on small issuers.
Merchants Payments Coalition refutes key argument against debit interchange cap.
One day after the Credit CARD Act went into effect, one trade group is concerned that swipe fees could total $48 billion for small businesses and their customers.