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.
The NCUA won a big legal victory Aug. 27 when the U.S. 10th Circuit Court of Appeals in Denver ruled the regulator can proceed with its claims against Wall Street firms over mortgage backed securities sold to the failed U.S. Central Federal Credit Union.
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Federal judge signs warrant so prosectors can seize, secure and winterize home of fugitive credit union CEO in suburban Cleveland.
Federal Reserve brief details its arguments in seeking stay of judge's rejection of much of interchange rules.
Briefs filed this week lay out positions, including merchant coalition that banks and card brands would hike interchange while case moves forward.
Washington appeals court posts schedule for Fed's Durbin overthrow appeal.
The Federal Reserve announced in an Aug. 21 court hearing it will defend its current debit interchange rule before an appeals court. And in a twist, the Fed also said it will join forces with its opponents to seek a speedy appeal decision.
Fed, merchant coalition tell judge they plan to appeal debit interchange ruling.
The former board president of the $23.6 million Taupa Lithuanian Credit Union disputed statements made by another former board member to Credit Union Times, and provided new details about the failed credit union’s governance.