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.
Federal Reserve files appeal of July 31 federal court ruling that struck down much of interchange rule.
The Federal Reserve may appeal U.S. District Court Judge Richard Leon’s interchange debit decision by arguing the judge gave undue weight to opinions of Senator Richard Durbin (D-Ill.) when evaluating the regulation.
David Larson says internal letter explains reasons for Kyle Markland's leaving Minnesota credit union.
Federal Reserve brief details its arguments in seeking stay of judge's rejection of much of interchange rules.
Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.
Federal judge throws out Durbin Amendment's 21-cent cap in emphatic ruling.
The European Commission has proposed capping debit and credit card interchange at 0.2% and 0.3% respectively.
A group of Democratic senators introduced a bill Jan. 23 that would allow privately issued student loans to be discharged along with other bankruptcy debt.
Private student loans called "the next mortgage crisis" by co-sponsor Sen. Tom Harkin, D-Iowa.