March 09, 2011
Bill to Delay Fed’s Debit Proposal Could Be Introduced This...

Senator Jon Tester (D-MT) plans to introduce a bill this week requesting that the Federal Reserve defer new restrictions on debit card fees for two years, according to Barron’s.  ...

March 08, 2011
Tracey Kitzman

Tracey Kitzman is a partner at Friedman Law Group, LLP, a New York-based boutique ligation firm. Tracey’s practice focuses on antitrust and consumer protection class action litigation. Tracey has been...

March 07, 2011
U.S. Banks Debate Letting Debit Cards Bounce

Many major U.S. banks are weighing whether to allow debit cards to bounce like checks, according to the Wall Street Journal.  In December, the Federal Reserve proposed capping debit card...

March 02, 2011
Recap: House Hearing Assesses Dodd-Frank’s Impact on Small Businesses, Financial...

Most panelists showed disdain for Durbin and caution toward the new Consumer Financial Protection Bureau at the March 2 House hearing, “The Effect of Dodd-Frank on Small Financial Institutions and...

March 02, 2011
Merchant Payments Coalition Meets with Fed, Praises Durbin Response

The Merchant Payments Coalition (MPC) during a Feb. 23 meeting with the Federal Reserve Board asserted that the Durbin Amendment of the Dodd-Frank financial overhaul bill addresses market failures in...

March 01, 2011
Innovation in Charitable Giving: Democratization of Philanthropy

March is American Red Cross month.  Not a made up “Hallmark holiday,” March was first declared Red Cross month by President Franklin Roosevelt back in 1943, and it serves as...

February 25, 2011
Will Durbin Cause Banks to Cap Debit Card Purchases?

Bank of America, Citigroup and JPMorgan Chase are among the major banks debating whether to limit the amount consumers can charge on their debit cards in light of the new...

February 25, 2011
Republicans Seek Greater Congressional Oversight of the CFPB

2/25/2010 First, House Republican proposed cutting funding for the new Consumer Financial Protection Bureau by more than half in a budget that passed last Saturday. Now, CNN reports many Republicans...

February 25, 2011
Prominent Consumer Group Sides with Banks Against Fed Debit Proposal,...

Many consumer groups, the National Retail Federation in particular, have been very vocal in their praise of the Federal Reserve’s proposed new caps on interchange fees back in December. Yet...