by Lisa Poyner | Aug 1, 2013 | Insights
Yesterday, The U.S. District Court for the District of Columbia issued a decision striking down the Federal Reserve’s price caps on debit interchange fees. U.S. District Judge Richard Leon ruled that the Federal Reserve did not appropriately fulfill Congress’s... by Lisa Poyner | Dec 14, 2012 | Insights
David Lott, retail payments risk expert at the Federal Reserve Bank of Atlanta, examines the lead up to, reaction against, and eventual fallout of the cap on debit card interchange fees imposed by the Durbin Amendment. Lott notes the Durbin Amendment was in some ways... by Lisa Poyner | Jun 8, 2012 | Insights
Credit cards are still being used to pay for basic needs by many U.S. households, according to a new Demos survey. Forty percent of households that have had credit card debt for at least three months have used their cards to pay for rent or mortgages, insurance... by Lisa Poyner | Jan 11, 2012 | Insights
On June 29, 2011, the Fed announced the final regulation on the Durbin Amendment which went into effect on October 1, 2011. This final regulation caps interchange fees at $.21 per transaction plus 5 basis points for both PIN based and signature debit transactions for...