MasterCard, Visa Resolve Antitrust Charges with Department of Justice; American Express Will Contest Attack on Merchant Rules
October 5, 2010 in Banking Report · Leave a Comment
MasterCard and Visa will resolve antitrust charges in a Justice Department complaint filed in U.S. District Court for the…
Federal Reserve Approves Final CARD Act Rules, Tackles Penalty Fees, Recent Rate Hikes
June 22, 2010 in Banking Report · Leave a Comment
The Federal Reserve Board June 15 approved a final rule, Regulation Z (Truth in Lending), to complete the third stage of the Fed’s implementation of…
House-Senate Conferees Begin Work on Financial Reform Bill; House Financial Services Panel Chair Predicts Interchange Limits Will Stay
June 15, 2010 in Banking Report · Leave a Comment
Controversial Senate language that would cap interchange fees that retailers pay to payment card companies for use of their debit cards will likely be included in…
Administration Lauds New Credit Card Rules under CARD Act
February 23, 2010 in Banking Report · Leave a Comment
President Obama called new credit card rules that took effect Feb. 22 a “turning point for American consumers.” The new rules marked the effective date of key…
