A Friday ruling allows retailers who opted out of last year's settlement to proceed with new suits. Card brands can also countersue retailers.
Trades add their voices to briefs filed with federal judge in interchange swipe case.
Keefe, Bruyette & Woods analysts say Justice Department could consider regulator's case too weak to pursue.
Trade writes letter to commission, arguing its report is based on "selective information."
As the Oct. 1 interchange cap day fades into history, consultants are urging CUs to focus more attention on their debit programs.
As the Oct. 1 deadline for the interchange cap to go into effect fades into history, consultants who work with credit unions on managing their debit programs are urging CUs focus more attention on their debit programs.
Letter from major credit union, banking trades seek 4- to 5-cent provision under the 21-cent cap effective Saturday.
Trade group plans to monitor merchant practices with password-protected Web reporting.
A new card from Fifth Third Bank promises to make the often routine cashier question “debit or credit?” a lot more important for consumers who hold them. And it brings the bank a strategy for getting around at least some of the Durbin amendment’s interchange cap.
New plastic from Fifth Third Bank functions as both debit and credit card and avoids Durbin cap.