The Federal Reserve Board published comparative information recently on the average debit card interchange fee that each payment card network charges acquirers and provides to debit card issuers. The board will publish this information annually.
Disclosed Overdraft Program Can Contribute to Overall Non-Interest Income and Provide Member Peace of Mind
In a guest article from business partner JMFA, an overdraft program is offered to increase income and offset the anticipated impact of the interchange fee cap.
After months of waiting and hard fought legislative and regulatory battles, yesterday the Fed revised plan moves from a flat 12 cent cap to a 21 cent fee with some add-ons.
Voices of the credit union movement, in Washington and beyond.