How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
Tag: Interchange
Federal court partially upholds Illinois interchange fee law
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, ...
State legislatures enter their busy season
Bank advocates expect 2026 to be a hectic year for state legislation, with possible bills on interchange fees, fraud, AI ...
ABA, associations urge appeals court to reverse debit card interchange fee ruling
A recent court ruling imposing a new interpretation of the Federal Reserve’s standard for setting debit card interchange fees would ...
Fed releases report on debit card interchange fee revenue
U.S. payment card networks processed 100.7 billion debit and general-use prepaid card transactions valued at $4.7 trillion in 2023, representing ...
ABA, associations ask Fed to withdraw proposal to lower debit card fee cap
ABA and eight financial sector associations are urging the Federal Reserve to withdraw a two-year-old proposal to lower the cap ...
Rate caps hurt consumers they’re designed to help
How a recent Vanderbilt Policy Accelerator for Political Economy and Regulation study gets the credit card market wrong.
ABA submits recommendations for easing regulatory burden on banks
As part of a congressionally mandated review of regulation by federal agencies, ABA submitted a list of recommendations to reduce ...
Federal Reserve appeals Reg II interchange fee court ruling
The Federal Reserve appealed a federal court ruling striking down Regulation II’s standard for setting debit interchange fees.
Kentucky court upholds Reg II interchange fee standard
A federal judge in Kentucky granted the Federal Reserve’s motion for summary judgment in a lawsuit seeking to overturn how ...
