Interchange Fees

Debit Fee Cap Proposal Comment Period Floods Fed Website
Debit Fee Cap Proposal Comment Period Floods Fed Website
May 23, 2024  |  Bank Regulation

The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade...

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Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
May 10, 2024  |  Bank Regulation

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal...

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Senator Marshall Presses for Credit Card Competition Act Vote
Senator Marshall Presses for Credit Card Competition Act Vote
May 08, 2024  |  Credit Cards

U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA)...

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Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
March 26, 2024  |  Legal

The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact...

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As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
March 26, 2024  |  Digital Banking

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...

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Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
March 11, 2024  |  Credit Cards

In 1955, the island nation of Borneo was in the throes of a serious malaria virus outbreak. It turned to The World Health Organization for...

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Will JPMorgan Help Spark Pan-European Network Buildout a Decade After Monnet?
Will JPMorgan Help Spark Pan-European Network Buildout a Decade After Monnet?
March 06, 2024  |  Payment Methods

In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association,...

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Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
January 24, 2024  |  Bank Regulation

The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more...

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Federal Reserve Extends Comment Period on Interchange Fee Proposal
Federal Reserve Extends Comment Period on Interchange Fee Proposal
January 23, 2024  |  Bank Regulation

The Federal Reserve Board has extended the comment period on its interchange fee proposal. Originally set to end on Feb. 12, the comment period is...

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