TITLE

With Durbin Pending, No Plans To Add New Fees-Yet

AUTHOR(S)
Birch, Ray
PUB. DATE
June 2011
SOURCE
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that credit unions (CUs) in the U.S. are yet to make plans to compensate for lost income a week after a bill to delay the Durbin Amendment was defeated. It states that the Federal Reserve Board is expected to ordain a final rule on debit interchange. It also mentions that chief executive officers (CEOs) hold off making a decision to see whether the two-tier system, which excludes financial institutions below 10 billion dollars, will benefit small issuers.
ACCESSION #
61792583

 

Related Articles

  • Group urges consumers, break addiction to credit.  // Hudson Valley Business Journal;3/20/2006, Vol. 17 Issue 6, p8 

    The article reports that the U.S. Federal Reserve Board (FRB) has revealed that the American consumers debt has increased by 4 billion dollar in January 2006. The released report of FRB cover levels reached through the end of January 2006. Susan C. Keating, National Foundation for Credit...

  • Don't Worry, Jamie, Lloyd's Shown the Way. Eisinger, Jesse // Pro Publica;10/23/2013, p2 

    The article discusses how Lloyd Blankfein has returned in the hearts and minds of people who make decisions and wield influence after presiding over the implosion of the Goldman Sach's brand and reputation. It cites the near collapse of Goldman Sach had the Federal Reserve not converted Goldman...

  • THE COUNTDOWN HAS BEGUN. Ryan, Patrick // Canadian Investment Review;Summer2005, Vol. 18 Issue 2, pG4 

    Focuses on the risks involved in capital markets. Information on a monetary policy of the U.S. Federal Reserve; Increase in the dismissal of several chief executive officers due to poor performance; Aggressiveness of corporate managers in using their build-up cash.

  • Fed to Form Community Advisory Panel. Heltman, John // American Banker;1/21/2015, Vol. 180 Issue 10, p1 

    The article reports on the plan of the U.S. Federal Reserve to create the Community Advisory Council (CAC) as of January 2015. Topics covered include the role of CAC in advising the board with regard to community and consumer affairs, the council's plan to address the financial service needs of...

  • Gold Banc: Enforcement Action Likely. Jackson, Ben // American Banker;4/21/2003, Vol. 168 Issue 75, p1 

    Reports that Kansas-based commercial banking company Gold Banc Corp. Inc. has alerted its investors that an examination by regulators had found it to be in violation of the Bank Secrecy Act and other regulations regarding information technology, loans to officers and directors, and transactions...

  • Processors Transforming Durbin Pain Into Gain.  // ISO & Agent Weekly;5/12/2011, Vol. 7 Issue 19, p12 

    The article reports on the plan of First Data Corp. to capitalize on the Durbin amendment with its Star personal identification number (PIN)-debit network in the U.S. It mentions that the amendment requires the Federal Reserve Board to establish reasonable and propotional debit interchange...

  • Fed's Rule Will Reduce Use of YSPs.  // National Mortgage News;8/23/2010, Vol. 34 Issue 46, p1 

    The article reports on the U.S. Federal Reserve Board's compensation rule which is expected to reduce the use of yield-spread premiums. According to Roy DeLoach, chief executive officer of the National Association of Mortgage Brokers, the rule imposes restrictions on loan officer and mortgage...

  • Fed Extends Liquidity Facilities.  // Investment Dealers' Digest;2/9/2009, Vol. 75 Issue 6, p15 

    The article reports on the plan of Federal Reserve to extend five support programs acknowledging the industry's continued need for liquidity in the U.S. The programs were slated to end on April 30, 2009. The Term Asset-Backed Securities Loan Facility which aims to support asset-backed securities...

  • Rising Tide. McReynolds, Rebecca // Financial Planning;Nov2004, Vol. 34 Issue 11, p107 

    Explains the ways to create estate planning strategies. Impact of interest rates on estate planning; Role of the U.S. Federal Reserve in the prevailing interest rates; Information on profiting from a residential property value.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics