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ABA and State Bankers Associations ask Federal Reserve to withdraw its debit card interchange proposed rule | Ballard Spahr LLP

Published: February 21, 2024

The American Bankers Association (ABA) along with 50 state bankers associations, the DC Bankers Association and Puerto Rico Bankers Association sent a letter (the “ABA Letter”) to the...

Source: jdsupra.com

Senator Durbin attempts to revive Durbin 2.0 with Senate Judiciary Committee hearing in April and solicits testimony from Visa, Mastercard, United Airlines and American Airlines CEOs | Ballard Spahr LLP

Published: February 15, 2024

On April 9, 2024, the Senate Judiciary Committee will hold a hearing on credit card competition. Senator Dick Durbin (D-IL) requested testimony at the hearing from the following Chief...

Source: jdsupra.com

New research suggests proposed Regulation II revisions lowering debit card interchange fees will cost consumers up to $2 billion annually | Ballard Spahr LLP

Published: January 30, 2024

In October 2023, the Federal Reserve Board issued a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. The due date...

Source: jdsupra.com