Our Financial Services Group unpacks the Consumer Financial Protection Bureau’s final rule on consumer financial data rights under Section 1033 of the Dodd–Frank Act....more
Our Financial Services Team studies the Federal Deposit Insurance Corporation’s plans to require insured depository institutions (IDIs) to keep specific records so that they know the actual owner of deposits placed by...more
Our Financial Services Group summarizes the closely observed preliminary settlement agreement over the fees credit card companies and banks charge merchants....more
4/19/2024
/ Antitrust Litigation ,
Banks ,
Consumer Financial Products ,
Credit Cards ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Interchange Fees ,
MasterCard ,
Merchants ,
Popular ,
Settlement Agreements
Our Payment Systems Team details how the Federal Reserve’s Regulation II Final Rule clarifies many of the interpretive concerns from the May 2021 notice of proposed rulemaking and narrows the substantive concerns raised by...more
Our Payment Systems Team details how the Federal Reserve Board has articulated a shift in views on the permissibility of certain industry practices under Regulation II and proposed substantive modifications that would result...more
On August 14, 2015, the Board of Governors of the Federal Reserve System (the Board) published a clarification (the Clarification) of the Board’s decision to include transactions-monitoring costs in establishing the 21-cent...more
8/26/2015
/ Administrative Procedure Act ,
Appeals ,
Burden of Proof ,
Debit Cards ,
Durbin Amendment Rules ,
Federal Reserve ,
Fraud Prevention ,
Interchange Fees ,
Merchants ,
Popular ,
Regulation II ,
Reversal ,
Statutory Authority ,
Summary Judgment ,
Transactions-Monitoring Costs