Year 2013 ended with the Federal Reserve’s debit interchange rules still unresolved.
Industry coordination sought to tackle shared problems.
The case deciding whether credit unions will have to reissue their debit cards inched closer to a conclusion Nov. 20.
The ongoing fight over federal debit interchange regulations entered its newest round Oct. 21 as the Federal Reserve filed its appeal that seeks to reverse a July 31 District Court decision overturning its current rule.
Trades join bank associations in filing, say that original rule was bad and made worse by July court ruling.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.
WASHINGTON — More than 500 execs show up for card brand's Global Security Summit that began Wednesday morning Ronald Regan Building.
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Briefs filed this week lay out positions, including merchant coalition that banks and card brands would hike interchange while case moves forward.
Some things to consider before filling in all the blanks, like maybe new UBIT tax, interchange rate and interest rate impact on the bottom line.