Fed extends comment period on debit card interchange fee proposal
The Federal Reserve announced that it has extended the public comment deadline to May 12 for its proposal to lower ...
Tag: Debit cards
Nichols: Proposed cut to debit card fees will hinder financial inclusion efforts
A proposal to significantly lower the cap on debit card interchange fees threatens to undo the considerable progress banks have ...
Fed community banker council requests withdrawal of debit card proposal
A Federal Reserve proposal to significantly tighten the cap on debit card interchange compensation earned by banks has introduced sustainability ...
ABA, associations seek more time to comment on debit fee proposal
The Federal Reserve should extend the public comment period for its notice of proposed rulemaking to significantly lower the cap ...
Former Fed vice chair: Fed isn’t ‘legally required’ to revisit debit fee caps
The Federal Reserve was not “legally required” to reopen debit card interchange caps and should not have done so, former ...
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 ...
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 ...
