Sen. Tester: Slashing debit interchange fee cap would hurt small banks
A Federal Reserve proposal to revise Regulation II to cut debit card interchange fees by as much as 30% would...
Payments
ABA survey finds consumers satisfied with debit cards, overdraft services
Consumers are happy with their debit cards and think the government should leave the debit card payment system alone, and...
The Points Guy on the Credit Card Competition Act: ‘It’s ridiculous’
The new routing mandate would reduce the revenue that banks receive for processing credit card transactions, forcing banks to reduce...
ABA, associations release fact sheet on debit card interchange
ABA, the Bank Policy Institute and seven financial industry associations released a new “myth vs. fact” guide to debit card...
For boards, knowing the right questions to ask about instant payments
For starters, the transition from daily batch payments processing to real-time workflows will require improved infrastructure.
Fed finalizes operational risk management rule for market utilities
The final rule is intended to address changes to the operational risk, technology and landscape in which FMUs operate that...
Missing the point on credit card APR margins
Contrary to showing anti-competitive behavior, as the CFPB misreads the data, credit cards are a competitive sector that has expanded...
CFPB analysis obscures truth on credit card market
A recent Consumer Financial Protection Bureau report on credit card competition misses the mark.
ABA, associations: Cross-border payments standards would disadvantage U.S, banks
A set of proposed harmonization requirements for cross-border payments need to account for the implications and costs to U.S. depository...
Fed’s Bowman shares concerns about data behind debit interchange fee proposal
Federal Reserve Governor Michelle Bowman said that she remained concerned about the data underpinning the Fed’s proposal to further lower...
