TCF Bank

• Good Faith + Care = 21 Cents

  By Claude R. Marx  |  July 3, 2011

  Credit unions got a bit of good news when the Federal Reserve reversed itself and announced that debit interchange fees will be capped at 21 cents a transaction, up from the original proposal of 12 cents, with a 1 cent fee for fraud prevention and a five basis point allowance...

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  Print Preview: Good Faith + Care = 21 Cents

  By Claude R. Marx  |  June 30, 2011

  This article about the Fed's move on the interchange cap is just one of the articles that will appear in the next print edition of Credit Union Times.

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  CUs, Banks Now Look To Courts After Senate Interchange Defeat

  By Claude R. Marx  |  June 13, 2011

  Credit unions are hoping for relief from the courts and an improved rule from the Federal Reserve following the Senate defeat of an amendment that would have delayed the Federal Reserve’s rule regulating debit interchange fees by up to a year.

• CU Trades Disappointed With Interchange Vote While Retailers Happy

  By Claude R. Marx  |  June 8, 2011

  New debit cap "is going to create a train wreck that will affect every consumer with a debit card," says CUNA President/CEO Bill Cheney.

• Big Minnesota Bank Attacks Durbin Interchange Amendment in Court

  By David Morrison  |  October 20, 2010

  A Minnesota based national bank has challenged the constitutionality of the law that would, for the first time, regulate debit card interchange.