By Deb Stewart
Browsing: Retail and Marketing
Millennials like cash back; older generations are less likely to use rewards cards.
Federal Reserve Governor Lael Brainard joined Janet Yellen at the Community Banking Research and Policy Conference with a speech on community bank lending to small businesses and the rise of online nonbank alternatives.
Of three generations queried in a Wells Fargo/Ipsos survey released yesterday, millennials expressed the most optimism about the present and future path of the economy and their current and future financial situations.
The Durbin Amendment’s cap on debit card interchange fees is distorting the retail marketplace and harming consumers, ABA President and CEO Frank Keating said in an American Banker op-ed today responding to claims by retailers that the Federal Reserve set the fee cap too high.
With the liability shift for EMV card technology coming up on Oct. 1 and many customers receiving chip-enabled cards in the mail, ABA has released a new infographic and is running a radio ad to help the public understand the new technology.