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UPCOMING EVENTS

 
PayThink (formerly ATM, Debit & Prepaid Forum)
October 20-22
JW Marriott Desert Ridge
Phoenix
 
Money20/20
November 2-6
Aria
Las Vegas
 
ABA National Agricultural Bankers Conference
November 9-12
Hilton
Omaha, Neb.
 
ABA Mutual Community Bank Conference
March 22 & 23, 2015
Marriott Marquis
Washington, D.C.
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Choosing Sides

ABA Statement on Debit Interchange Rule Proposal
ABA
This kind of government interference in marketplace pricing is a big concern for banks of all sizes, despite illusory attempts to exempt smaller institutions, and constitutes bad public policy.

 


ABA Statement on Visa’s Plan for Two-Tiered Debit Interchange System
BankNews
The recent news that Visa will try to implement a two-tiered pricing system for debit interchange does not alleviate the negative consequences that the Durbin amendment.


ICBA: Two-Tier Debit Card Interchange Plan Won’t Work for Community Bank Customers
BankNews
ICBA does not believe Visa’s intent to establish a dual interchange system for large and small financial institutions will shield community banks and their customers from the negative impact of government price-fixing of debit card interchange over the long term.


CBA Responds to Fed Rule on Interchange
Consumer Bankers Association
Congressionally Mandated Fed Rule on Debit Card Interchange Fees Is Price Control


Fed interchange proposal confirms ‘worst fears’ for credit unions
Credit Union National Association
The Federal Reserve’s proposed rule on interchange fees “confirms our worst fears about the inadequacies of the purported protections” for smaller issuers of debit cards, like credit unions, the Credit Union National Association has told Fed Board Chairman Ben Bernanke in a letter.


Durbin Statement on Release of Proposed Interchange Rule
Senator Durbin’s Website
Today’s draft rule from the Federal Reserve makes it clear that big bank interchange rates: overcharge businesses and consumers in America by at least three times the average cost of processing; that the reforms called for by my amendment will save retailers, charities and consumers up to $10 billion each year; and the changes we had to enforce by law in the U.S. are being voluntarily implemented by mega-banks and card giants in Europe and other countries.


ICBA: Proposed Interchange Rules Will Disadvantage Community Bank Customers
ICBA
This proposed rule confirms what ICBA has long warned: that government price-fixing of debit interchange will benefit big-box retailers while passing the buck on to consumers and disadvantaging community banks.



 
Federal Reserve Regulations Would Harm Consumers, Provide Windfall to Large Merchants
MasterCard 
If adopted as proposed, the regulations would shift merchant costs directly to consumers.


NRF Says Federal Reserve Action on Debit Cards Could Lead to Discounts for Consumers
National Retail Federation
NRF Says Federal Reserve Action on Debit Cards Could Lead to Discounts for Consumers


NACS Calls Federal Reserve’s Ruling a ‘Positive Step’ in Swipe Fee Reform
National Association of Convenience Stores

While no interchange fees should be allowed on debit transactions, the Fed's proposal demonstrates real progress toward that reasonable goal — and parity between checks and debit cards.


Rep. Barney Frank critical of Fed debit card fee rule
Reuters
"I think the way it was written, the amount the credit card companies are allowed to charge is too low," said Frank. "It does not reflect the full cost of all that you have to do if you are running a credit card operation."

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