On Tuesday, following a new report that revealed a decline in interchange fees, the Federal Reserve Board said that it does not intend to make changes to rules pertaining to the fees. Beginning in October 2011, the Durbin Amendment capped … Read More…
On Tuesday, following a new report that revealed a decline in interchange fees, the Federal Reserve Board said that it does not intend to make changes to rules pertaining to the fees. Beginning in October 2011, the Durbin Amendment capped … Read More…
Since the Durbin Amendment took effect in October 2011, the provision has led to mixed results for credit unions across the country, with some warning that the exemption provided to community financial institutions may not be effective. While all but … Read More…
Spencer Bachus, the chairman emeritus of the House Financial Services Committee, said during a speech on Tuesday that Congress may “revisit” Dodd-Frank’s Durbin Amendment, citing the provision’s unintended impact on local financial institutions. While credit unions and other small financial … Read More…
While only 10 states across the U.S. have implemented a ban on credit card surcharges, legislatures in 13 other states are currently considering legislation to prohibit retailers from charging “checkout fees.” California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, … Read More…
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