Rep. Barr: Reg II debit card proposal would hurt community banks, customers
The Federal Reserve’s proposal to revise Regulation II to lower debit card interchange fees could push many Americans into being ...
Tag: Debit cards
ABA releases TV ad urging policymakers to reject Reg II ‘corporate megastore bailout’
ABA to air a television ad during this week's presidential debate urging policymakers to reject a Federal Reserve proposal to ...
ABA, associations challenge new Illinois law restricting interchange fees
ABA, the Illinois Bankers Association and two credit union associations filed a complaint in U.S. District Court challenging an Illinois ...
Survey: Debit card use grew in 2023
U.S. consumers are using debit cards for more transactions and spending more when they make purchases, according to a new ...
ABA, U.S. Chamber question CFPB process for implementing buy now, pay later rule
A CFPB interpretive rule that defines lenders who provide buy now, pay later products as credit card providers under the ...
Bank survey: Credit cards remain most popular payments option
A recent survey by TD Bank found that a majority of respondents had multiple credit cards, with rewards programs being ...
Nichols discusses regulatory tsunami, fintech
U.S. banks are healthy and resilient but they face a “regulatory tsunami” that is creating challenges, particularly for community banks, ...
Fed’s Powell pressed on effects of proposal to lower debit card interchange fees
During a congressional hearing, Federal Reserve Chairman Jerome Powell was challenged on whether a Fed proposal to lower the cap ...
ABA, associations support bill to pause debit card fee proposal
ABA and four banking and credit union associations voiced their support for legislation that would pause a Federal Reserve proposal ...
Labor Department updates guidance on debit cards and unemployment compensation
The Department of Labor recently updated its regulatory guidance to state workforce agencies on using state-administered debit cards for unemployment ...
