Regulation

The Federal Reserve Board’s July deadline for capping debit interchange is just around the corner, but MasterCard Worldwide said it does not expect to feel its effects until at least next year.

A federal judge has approved a class-action settlement against an Indianapolis hospital and the method it used to collect overdue payments.

If 7,500 credit unions across the United States would get their members to contact their Congressional representatives, it would “help keep the pressure on” lawmakers and potentially halt implementation of the Durbin amendment to the Dodd-Frank Act, Nat Rosenberg, senior vice president of U.S. Markets for MasterCard Worldwide, told attendees at the National Association of Credit Union Service Organizations Annual Conference in Las Vegas last week.

MIAMI BEACH, Fla.–Payment-industry experts who gathered in Miami Beach, Fla., April 27 to 29 to attend the 23rd Card Forum & Expo reflected for the first time in a few years an attitude that seemed genuinely ready to greet certain disruptive changes instead of brace against them.

MIAMI BEACH, Fla.-If certain “conspiracy theories” have any merit, the Federal Reserve Board might be heeding signals from Capitol Hill as it takes more time to craft final debit-interchange rules, one payment-industry analyst suggested April 28 at the Card Forum & Expo in Miami Beach, Fla.

Lawsuits citing alleged Fair Debt Collection Practices Act (FDCPA) violations held steady (564) in the first half of April compared with the second half of March (562) while the total number of consumer statute lawsuits jumped to 617 from 570, according to data from U.S. District Courts.

The Federal Trade Commission is mailing $3 million in refunds to more than 172,000 consumers who were falsely promised free gifts and wrongfully paid monthly fees for “program memberships” in discount buying and travel clubs.

WASHINGTON — Sony Corp.'s disclosure that a massive data breach may have let thieves steal the personal information of more than 77 million PlayStation users is playing into the hands of banks attempting to change a Federal Reserve Board proposal to limit debit interchange fees.

Sen. Dick Durbin, D-Ill., is in another sparring session with the American Bankers Association and asks the organization to “cut to the chase” regarding the motivations behind the organization’s criticisms of the interchange reform law that Congress enacted last year.

West Virginia Attorney General Darrell McGraw has filed a lawsuit against a title lender that allegedly failed to turn over records sought in an investigation into collection practices.