Durbin Amendment

E-commerce surge rekindles debit fee fight between merchants and industry


The Federal Reserve is facing pressure to allow retailers to route PIN-less debit-card purchases over their choice of networks. It’s a new stage in an old battle, fueled by the shift toward online shopping during the pandemic.


GOP senators push regulatory relief for PPP banks


Regulators were receptive to Republican lawmakers' calls to ease burdens on banks that cross new asset thresholds as a result of their participation in the Paycheck Protection Program.


PPP lenders nearing $10B asset mark fear regulatory nightmare


Several community banks are warning Congress that their participation in the Paycheck Protection Program could cause them to cross a threshold that may lead to, among other things, supervision by the CFPB and a cap on interchange fees.


Axos banking partnership with H&R Block in jeopardy


H&R Block intends to break off the relationship since the parties have been unable to restructure compensation to reflect new interchange fee caps at Axos.


Coronavirus deals blow to interchange income


Stay-at-home orders and business shutdowns have led to a sharp decline in consumer use of credit and debit cards.


Axos dealing with Durbin-related snags in H&R Block pact


The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.


Top bank M&A deals of 2018


A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.


Customers Bancorp suspends planned spinoff of digital bank


BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.


BankMobile spin-off hits snag, faces possible delay


Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.