The Federal Reserve has declined to change the cap that limits the amount of debit card interchange that large asset debit issuers can make per transaction.
The decision came after a recent Federal Reserve report documented a slip in debit interchange income for community banks and credit unions.
The debit interchange cap for large asset debit issuers was one of the chief regulatory changes mandated by the Durbin Amendment to the most recent financial reform law.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
