Credit unions wondering if the courts would make them change their debit card programs can rest easy for now.
After nine months of uncertainty regarding the minimum number of required debit networks and other details, the Fed's rule will not change.
A three-judge panel may wind up preserving the Fed's debit interchange regulation, which a lower court invalidated last year.
Counsel to retail plaintiffs explains that the Durbin Amendment precludes Fed from including fraud costs in the debit interchange cap.
WASHINGTON — Judges reviewing 2013 ruling that tossed out much of the Fed's interchange reg appeared open Friday to leaving much of it in place.
Debit card issuers, Fed and merchants will present cases regarding how the Fed interpreted Dodd-Frank's Durbin Amendment.
Legal battle continues over Federal Reserve's interchange rules stemming from Dodd-Frank.
Year 2013 ended with the Federal Reserve’s debit interchange rules still unresolved.
The case deciding whether credit unions will have to reissue their debit cards inched closer to a conclusion Nov. 20.
Coalition files brief Wednesday in appeal of July order dismantling much of Fed interchange rule.