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Debit Interchange

Small Issuer Concerns Remain Despite FTC Interchange Report


Concerns of credit unions and other small issuers of debit cards remain despite a newly released Federal Trade Commission (FTC) report claiming small issuers have been unharmed by new interchange laws. The FTC report was ordered by the U.S. Congress last year. The agency was charged with assessing the impact of the debit fee interchange cap set by the Dodd-Frank Act.

Posted By Sharon Bahr read more

CUNA & Financial Trade Groups Meet with FRB on Debit Interchange


On October 24, 2012, representatives from the Credit Union National Association (CUNA) and other financial trade associations met with Louise Roseman, Director of the Reserve Bank Operations and Payments Systems Division at the Federal Reserve Board (Board), to advocate that the debit interchange fee caps should include certain additional costs incurred by issuers, as detailed in a

Posted By Sharon Bahr read more
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