The U.S. economy now runs on electronic payments, and every purchase and sale depends on an intricate network that involves ...

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As the Detroit Free Press recently reported, new debit card scams are popping up and gaining momentum. (2) One of the most ...

Those who tout credit cards over debit cards claim usage of the latter is tantamount to giving away one’s money. Conversely, charge cards offer cash-back plans, airline miles, credit toward future ...

As we previously blogged, the Board of Governors of the Federal Reserve (the “Board”) held an open meeting on October 25, 2023 to discuss the debit card interchange fee cap. The debit card interchange ...

The Federal Reserve proposed lowering debit-card swipe fees that card issuers can charge merchants, the first such change since the fees caps were established in 2011, in a meeting on Wednesday. The ...

The Federal Reserve has done it again! Just when you thought navigating the labyrinth of modern banking couldn't get any more exhausting, they bring out a new proposal that promises to deliver more ...

The Federal Reserve Board announced proposed changes to Regulation II (Debit Card Interchange Fees and Routing), which is the implementing regulation of the Durbin Amendment to the Dodd-Frank Act.

The Federal Reserve's recent proposal to impose a lower cap on debit card interchange fees than what has previously been implemented may appear to be a consumer-friendly move, but the unintended ...

The Federal Reserve Board on Wednesday requested comment on a proposal to lower the maximum interchange fee that a large debit-card issuer can receive for a debit-card transaction. The proposal would ...