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 ...
Tag: Debit cards
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 ...
CFPB: Banks need proof of customer consent for ATM, debit card overdraft fees
Banks and credit unions can be held legally liable if there is no proof that they obtained affirmative consent from ...
Survey: U.S. consumers have concerns about lowering debit card interchange fees
Most U.S. consumers with an opinion on debit card interchange fees agree the fees are necessary for fraud prevention efforts, ...
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 ...
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