A U.S. Appeals Court on March 21 upheld the Federal Reserve’s rules governing debit card interchange fees, dealing a major blow to retailers who have fought to reduce the transaction fees they are charged when customers swipe a debit card. The ruling reverses a lower court鈥檚 decision last year that the Federal Reserve had set the cap on debit card transactions too high.
03-21-2014 Senator Dick Durbin (D-Ill.) and Rep. Peter Welch (D-Vt.) have asked the Federal Reserve Board to revisit the fee levels set in the debit fee rules standard established after passage of the Dodd-Frank Wall Street Reform legislation.
07-29-2013 Crude oil prices hit more the highest price per barrel since May 4 last week.
09-17-2012 Industrial production rose 0.4 percent in December as factory output, which makes up three-quarters of the total, climbed 0.9 percent, the Federal Reserve said last week.
01-23-2012