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 ...
Tag: Debit cards
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 ...
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 ...
