Federal Reserve to Appeal Interchange Ruling
The Federal Reserve Board will appeal a district court ruling striking down interchange fee caps.
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U.S. District Court Delivers a Blow to Financial Institutions
A U.S. District court ruling strikes down the Federal Reserve’s price caps on debit interchange fees. The ruling could be devastating for some financial institutions. The NWCUA is working with CUNA to determine next steps.
Recent Circuit Court of Appeals Ruling Vacates U.S. DOL’s MLO Administrator Interpretation
A recent court decision vacates the Department of Labor’s Administrator Interpretation on Mortgage Loan Originators. The weekly Compliance Report has details.
Compliance Review of Healthcare Benefits in Order Following Supreme Court Decision
Credit unions should perform compliance reviews following the Supreme Court ruling mostly upholding the Affordable Health Care Act. Provisions already implemented will remain in effect, and now is the time to prepare for the pending requirements.
Federal Legislative Week in Review
Credit unions have generated more than 85,000 grassroots contacts on interchange over the past three weeks, and CUNA has called a national teleconference for Wednesday, April 13.