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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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Trades’ Brief Raises Constitutional and Economic Objections to Interchange Rule

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Payments/Credit/Debit Stories

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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March 09, 2011

Tester and Corker Plan to Slow Implementation of Interchange Bill

Sens. Jon Tester and Bob Corker will likely introduce legislation early next week that would mandate a two-year postponement of the implementation of the Federal Reserve’s proposed rule regulating interchange fees.

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March 09, 2011

Cards March On, First Data Survey Shows

Even as financial institutions and retailers continue their fight over who pays for the debit card network, consumers continued to show the love for cards in general last month.

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March 09, 2011

Cards March On, First Data Survey Shows

Even as financial institutions and retailers continue their fight over who pays for the debit card network, consumers continued to show the love for cards in general last month.

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March 08, 2011

TCF Builds Attack on Interchange Partly on Exemption

TCF National Bank, the financial institution that has sued the Federal Reserve over its proposed debit interchange rule, has based their argument against the rule in part on the rule's small issuer exemption.

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March 08, 2011