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.
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.
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.
Federal Reserve has until October 20 for appeal arguments; merchants have until November 20
Washington appeals court posts schedule for Fed's Durbin overthrow appeal.
The upper chamber invoked cloture, which limits remaining debate to no more than eight hours, so the final vote is expected soon.
A three-judge federal appeals panel has ruled that credit unions do not have to pay their mortgage loan officers overtime – at least for now.