Federal Reserve Board Responds to Merchants’ Claims in Interchange Suit

The Federal Reserve Board filed a response Friday in a federal court in Washington, D.C., to merchants’ arguments for summary judgment in their lawsuit challenging the board’s debit card interchange fees rule mandated by the Dodd-Frank Act.

Membership Movement: New Bank Fees Driving Renewed Consideration of Credit Unions

The court of public opinion says banks have erred in their belief that consumers would accept new fees sitting down. As those potential members stand up, are credit unions ready to move them to a better choice?