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Fed to explain reasoning behind Durbin interchange fee calculation

The Federal Reserve has agreed to release additional information about the reasoning it used to calculate base interchange fees under the Durbin amendment to the Dodd-Frank Act. A report by the [...]

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The ATM industry outlook for 2015: ‘Bigger, better, faster, more’

I was surprised (well, flabbergasted, actually) to discover recently that my father has never used an ATM. Ever. I find this incomprehensible. It’s not as though my parents scrape by in a [...]

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Bankers praise Supreme Court decision to let interchange ruling stand

On Tuesday January 20, 2015, financial services industry associations welcomed the U.S. Supreme Court’s decision not to weigh in on a court of appeals ruling in NACS, the Association for [...]

Payment Trends

So, just as the Bureau comes up for air, it gets rocked by an somewhat related court case concerning another federal agency, the National Labor Relations Board. How are the two agencies connected [...]

Handicapping the CFPB in 2013

2013 began with a bang for the Consumer Financial Protection Bureau. In January, the Bureau released several mortgage-related final rules as mandated by the Dodd-Frank Act. The mortgage [...]