Is interchange income for credit union debit card issuers at risk?
Many of the financial challenges facing credit unions in 2015 are carrying over from 2014 and earlier.
Digital wallets could compromise a credit union's interchange income.
National Grocers Association was one of original litigants in the anti-trust case and now rejects the preliminary settlement.
CUNA says data shows $1.38 million loss for 155 credit unions in that quarter alone in data trade studied.
Federal appeals court again rebuffs efforts to oppose interchange settlement until settlement is finalized.
A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
The Electronic Payments Coalition expects both sides of a proposed settlement on card interchange will file definitive settlement agreement on Friday.
The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.
Retailers, issuers to face off again in court Tuesday over interchange rate.