Credit unions looking to boost fee income with card interchange from holiday sales may not see as much holiday cheer as last year.
Retail and financial service industries are duking it out over attempts to regulate debit interchange fees.
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.
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.
WASHINGTON -- For credit unions, the upcoming House-Senate conference committee on the financial regulatory overhaul is coming down largely to interchange fee regulation.
One sign that the economy might be recovering is the number of businesses that are consistently meeting their obligations in a more timely fashion, according to Experian.