Visa, Mastercard: Proposed credit card routing bill would jeopardize security, consumer choice
A proposed bill to impose new network routing mandates on banks that issue credit cards would put payments security at ...
Tag: Interchange
Banks, credit unions urge lawmakers to reject new credit card mandates
Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would ...
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 ...
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 ...
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 ...
OCC weighs in against Illinois interchange law in rare amicus brief
The OCC submitted an amicus brief supporting ABA, the Illinois Bankers Association and others’ request for a preliminary injunction against ...
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 ...
Fed’s Powell pressed on effects of proposal to lower debit card interchange fees
During a congressional hearing, Federal Reserve Chairman Jerome Powell was challenged on whether a Fed proposal to lower the cap ...
Supreme Court decision extends period for administrative law challenges
The six-year period allowed for lawsuits against the U.S. government under the Administrative Procedure Act begins accruing when an injury ...
ABA Viewpoint: Mega-retailers versus the public interest
The comment file on the Fed's Reg II proposal makes a clear case that the rule should be withdrawn for ...
