Seize the Day on Fed Rule Changes

Seize the Day on Fed Rule Changes

The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 201...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Credit Union Times 2011-09
1. Verfasser: Lane, Caroline
Format: Artikel
Sprache:eng
Schlagworte:
Checking accounts
Credit unions
Debit cards
Interchange rates
Marketing
Portfolio management
Regulation of financial institutions
Regulatory reform
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 2011, and this will probably be true in the first half of 2012 as well. It appears that all networks will implement a two-tier system keeping rates near the 44 cents per transaction average for exempted credit unions during this time.
ISSN:1058-7764