Payments/Credit/Debit

The African-American Credit Union Coalition is encouraging its members to write to their elected officials urging them to say no to the debit card interchange rule.

WASHINGTON — The staff of the Federal Reserve failed when they did not thoroughly analyze the impact of a proposed regulation on the debit interchange cap on consumers and the economy at large, according to a leading economist.

Credit union employees and members who want to contact lawmakers to express support for delaying the Fed’s interchange rule have a new online resource.

WASHINGTON — A former chairman of the President's Council of Economic Advisors under the Clinton Administration likened the proposed cap on debit interchange to “pushing paper mail over email.”

The St. Louis Cardinals and Chicago Cubs are among baseball’s most storied rivals. Now the newspapers in their cities are facing off on a key issue: debit interchange.

Education-focused financial services company Sallie Mae announced Monday that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.