Court issues partial injunction against Illinois law restricting interchange fees
A federal judge today ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national ...
Tag: Debit cards
ABA urges Nacha to reject proposed changes to ACH network
ABA is urging Nacha to reject proposals to create a fourth same-day Automated Clearing House window and to accelerate funds ...
ABA, associations file lawsuit challenging CFPB cap on overdraft fees
ABA joined associations representing bankers and credit unions in filing a lawsuit challenging the CFPB's effective cap on overdraft fees.
ABA analysis: Most commenters oppose Fed’s changes to debit card regulations
Nearly 80% of commenters on the Federal Reserve’s proposed rule to lower the cap on debit card interchange fees oppose ...
Bank survey: Holiday shoppers prioritize rewards, security in payments options
Debit and credit cards remain the top payment choices for holiday shoppers, with credit card users saying they value rewards ...
Fed: Card payments, mobile wallets showed strong growth in 2022
Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according ...
Rep. Torres weighs in on debit card interchange, trigger leads
Rep. Ritchie Torres (D-N.Y.) reiterated his concern that a Fed proposal to lower the legal limit on debit card interchange ...
Dimon: Inflation may persist as economy cools, raising stagflation risk
The U.S. economy is “still booming,” and inflation may not subside as expected when the overall economy cools, JPMorganChase Chairman ...
ABA, associations urge CFPB to rescind circular on overdraft opt-in procedures
ABA and five associations urged the CFPB to rescind a circular that imposes new expectations on banks with respect to ...
Banking groups file motion to intervene in retailer lawsuit over debit interchange fees
Two industry groups filed a motion to intervene in a retailer lawsuit seeking to invalidate Regulation II’s standard for setting ...
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