Fed’s Bowman: Lowering debit card fees would harm low-income consumers
A proposal to significantly lower the cap on debit card interchange fees earned by banks is unfair to many issuers ...
Tag: Debit cards
Lawmakers urge Fed to delay debit card fee proposal
The Federal Reserve should delay any proposals on debit card fees due to a lack of adequate data to support ...
Fed proposes lowering debit card fee cap, revisiting figure on biennial basis
The Federal Reserve proposed to significantly lower the cap on debit card interchange fees earned by banks and institute a ...
ABA, associations urge Fed to reject changes to debit fee cap
In a joint letter, ABA and eight banking and credit union associations urged the Federal Reserve to reject merchant requests ...
J.D. Power survey finds opportunities for banks regarding customer account security
More than one-third (35%) of banking customers reported experiencing at least one type of fraud in the past year, according ...
Report: Skimming fraud exploded in 2022
U.S. card skimming grew by nearly 500% in 2022 and is showing signs it will grow even faster this year, ...
ABA, trade groups call for extension on Reg II changes
ABA joined four other financial trade associations in a letter to the Federal Reserve last week seeking an extension for ...
Survey: Debit cards preferred payment method for holiday shopping
Many U.S. shoppers will rely primarily on debit cards to purchase gifts for friends and family this holiday season, according ...
Podcast: Something old, something new in payments fraud
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are ...
Fed finalizes rule expanding Durbin routing requirements to card-not-present transactions
The Federal Reserve today finalized a controversial, ABA-opposed rule expanding Regulation II, the implementing regulation for the Durbin Amendment.
