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Bair Expresses Concerns about Fed’s Interchange Rule

By Claude R. Marx

Community banks could lose money and consumers could have to pay higher fees if the Federal Reserve implements its debit interchange proposed rule as is, FDIC Chairman Sheila Bair wrote Federal Reserve Chairman Ben Bernanke.

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House Panel to Hold Oversight Hearing on Consumer Bureau

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Management Shifts Also Mark Silver State Report

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March 11, 2011

Management Shifts Also Mark Silver State Report

The long-term financial troubles at Nevada’s largest credit union, the $718 million Silver State Schools,, have also been accompanied by recent changes of senior management.

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March 11, 2011

Two Large New Mexico CUs Quit CUNA, CUANM

The burden of trade association dues during a rough economy plus internal policy disputes apparently figure in two more disaffiliations disclosed this week.

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March 11, 2011

Brooklyn Cooperative Receives $300,000 to Work on Social Savings Program

The $11 million Brooklyn Cooperative FCU has received a $300,000 grant from the Center for Financial Services Innovation to help develop the financial institution interface for a social network savings program.

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March 11, 2011

Trades’ Brief Raises Constitutional and Economic Objections to Interchange Rule

The Federal Reserve’s proposed rule regulating interchange is unconstitutional and would do “irreparable harm to issuers and consumers.’’

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March 11, 2011

SEC Should Shift Priorities, Eliminate Some Activities, Report Says

A 263-page report has listed a number of recommendations the SEC should consider to reform the agency’s operations as it appeals to Congress for more funding.

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March 11, 2011

Affinity Card One CU's Leading Membership Driver

The $641 million Purdue Federal Credit Union reports that an affinity card that it issues on behalf of the Purdue Alumni Association is the leading driver for new CU membership.

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March 11, 2011

Montana CU in Interchange Ad

Montana First Credit Union President/CEO Chris Sisco is in television, radio and print ads telling the credit union and bank side of the interchange argument.

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Bair Expresses Concerns about Fed’s Interchange Rule

House Panel to Hold Oversight Hearing on Consumer Bureau

Management Shifts Also Mark Silver State Report

Recommended Just For You

News Stories

Management Shifts Also Mark Silver State Report

Two Large New Mexico CUs Quit CUNA, CUANM

Brooklyn Cooperative Receives $300,000 to Work on Social Savings Program

Trades’ Brief Raises Constitutional and Economic Objections to Interchange Rule

SEC Should Shift Priorities, Eliminate Some Activities, Report Says

Affinity Card One CU&#039;s Leading Membership Driver

Montana CU in Interchange Ad

Affinity Card One CU's Leading Membership Driver