Those who tout credit cards over debit cards claim usage of the latter is tantamount to giving away one’s money. Conversely, charge cards offer cash-back plans, airline miles, credit toward future ...

Instead of Taxing the Rich, Let Americans Invest Like Them Do EU Transfer Payments Fuel Corruption? Banks will find other ways to make up for lost revenue. While some lawmakers and regulators are ...

Not all credit cards are created equal. The one you choose should be right for you.

The Federal Reserve has done it again! Just when you thought navigating the labyrinth of modern banking couldn't get any more exhausting, they bring out a new proposal that promises to deliver more ...

The Federal Reserve Board announced proposed changes to Regulation II (Debit Card Interchange Fees and Routing), which is the implementing regulation of the Durbin Amendment to the Dodd-Frank Act.

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

BISMARCK — A North Dakota truck stop wants a federal judge to find that the Federal Reserve Board violated the law by neglecting to crack down on mushrooming debit card transaction fees. The fees — ...

As we previously blogged, the Board of Governors of the Federal Reserve (the “Board”) held an open meeting on October 25, 2023 to discuss the debit card interchange fee cap. The debit card interchange ...