The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.
Retailers, issuers to face off again in court Tuesday over interchange rate.
An increasing number of retailers appear to be coming out in opposition to the recent proposed settlement of the antitrust case centering on credit card interchange.
National Grocers Association comes out against the proposed anti-trust settlement between retailers and the major card brands and some major card issuers.
Walmart says it's disappointed in settlement and some retail associations are advising members to not agree to proposal.
Retail associations are celebrating what they are calling a year since their legislative victory in the battle over the Durbin amendment by asserting that none of amendment opponents' dire predictions have come true.
Merchant Payments Coalition says credit unions, community banks have benefited.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.
Illinois senator sends letter to his state's CUs and bankers citing competitive advantage now presented to them.