Monthly Archives: March 2011

Independent Voices Speak Out Against the Interchange Rule

In the coming days, I’ll share what independent voices are saying about the proposed rule to price fix debit interchange fees, in no particular order: #1 National Association for the Advancement of Colored People “We believe this rule should be thoroughly and expeditiously reviewed prior … Continue reading

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The Return of Dividends for Largest Bank Holding Companies

After completion of the Federal Reserve’s “Comprehensive Capital Analysis and Review” (CCAR), some of 19 largest bank holding companies have been given permission to resume paying dividends.  According to the Federal Reserve’s press release last Friday: “The return of capital to shareholders under appropriate … Continue reading

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The Dangerous Experiment of the Durbin Amendment

Richard Epstein with NYU Law is the latest to write on the debit card issue in the recent CATO Institute’s Regulation Magazine: Durbin took up the cause of his favored constituent to give merchants a “fighting chance against the debit … Continue reading

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NBA All-Stars Team Up with Rebuilding Together For Good!

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Heritage Foundation Sounds Off On Debit

David C. John, Senior Research Fellow in Retirement Security and Financial Institutions in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation writes on the Durbin Amendment: An obscure, technical provision in the massive Dodd–Frank financial … Continue reading

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TARP Over 99% Repaid

From Treasury: “The U.S. Department of the Treasury announced … that six financial institutions have repurchased Troubled Asset Relief Program (TARP) Capital Purchase Program (CPP) investments, delivering a total of $475 million in proceeds for taxpayers…Through repayments, dividends, interest and … Continue reading

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Senator Tester Drops Bill Urging Halt and Study proposed Debit Card rule

Today Senator Tester introduced legislation to suspend regulations issued under the Durbin Amendment, and instead proposed a two-year study which would determine the effects of the debit card rule on consumers, businesses and retailers alike. This bill, the Debit Interchange … Continue reading

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New Website Focuses Special Attention to Dodd-Frank Efforts

 The Roundtable recently re-launched a new streamlined version of their website: www.fsround.org.  A special portion of the website will now be dedicated to regulatory actions emerging from the 2010 Dodd-Frank Act and the comment letters and concerted efforts from our membership.  … Continue reading

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Unum Produces New HR Study on Employee Benefits

A new Survey by Unum and Harvard Business Review Analytical Services discusses the impact for human resource departments as they deal with balancing employee benefits. “Human resources leaders are walking a tightrope in balancing these demands, and they’re telling us that … Continue reading

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Debit Card Fees To Impact Low-Income Customers

On March 7, 2011,  Hilary Shelton, Director of the NAACP Washington Bureau, submitted a letter to House Speaker Boehner outlining the NAACP’s concerns with interchange legislation.  Below is an excerpt from the letter: “I am writing in response to concerns over the … Continue reading

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