Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
NEW: Court Acts On Fed, Merchant Interchange Request
WASHINGTON (9/19/13, UPDATED 5:15 p.m. ET)--The U.S. Court of Appeals for the District of Columbia has moved quickly to approve the request for expedited action on the Federal Reserve Board's appeal in the case known as NACS v. Board of Governors of the Federal Reserve System. The motion was just filed today.
 
As background, the merchant plaintiffs and the defendant Federal Reserve Board had filed an emergency motion today asking the court of appeals for expedited action in the case.
 
Specifically, the merchants and Fed asked that the court to move quickly on the Fed's appeal that attempts to overturn a lower court ruling that the regulator's implementation of the Dodd-Frank Act debit card interchange fee was faulty and should be scrapped.
 
The calendar set by the court is as follows:
  • Brief for Federal Reserve 10/21/13;
  • Joint Brief for Amici in Support of Federal Reserve 10/21/13;
  • Joint Brief for Merchants 11/20/13;
  •  Brief(s) for Amici in Support of Merchants 11/20/13; and
  • Reply Brief for Federal Reserve 12/04/13.


RSS





print
News Now LiveWire
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
10 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire http://t.co/QiQKIEjK5v
10 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out! http://t.co/YFJA1tKIxn
10 hours ago
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
12 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
14 hours ago