Fed chair tells Senate Banking Committee that some small banks could fail because of interchange cap.
Illinois senator asks ABA to back off from "massive lobbying effort."
Retail and financial service industries are duking it out over attempts to regulate debit interchange fees.
It’s back. Just when you thought you had survived another round of political slings and arrows, better known as an election season, another one beckons.
TCF National Bank is seeking a quick ruling on its appeal of a court's refusal to stop the Fed from imposing the new interchange cap.
The Illinois Democrat tells CEO "you and your bank already are making money hand over fist."
Efforts to delay the implementation of the Federal Reserve’s debit interchange rule continued on Capitol Hill and at the grassroots level last week.
WASHINGTON - The Senate’s No. 3 Democrat said today there is a “decent’’ chance his chamber will pass Sen. Mark Udall’s bill to raise the cap on member business lending to as much as 27.5% of assets.
Backers of congressional efforts to delay implementation of the Federal Reserve’s rule regulating interchange were buoyed when Federal Reserve Chairman Ben Bernanke said the agency wouldn’t be able to release the rule by the April 21 deadline.
The Federal Drug Administration today approved a new drug designed to fight the affects of the interchange cap on financial services executives.