Regulation

The Merchants Payments Coalition is crying foul about Bank of America Corp.’s announcement this week that it took a $10.4 billion third-quarter goodwill charge to counter impending reductions in debit-interchange income.

NetSpend Holdings Inc.’s initial day as a public company fared well, but it might have done better had it debuted on the market a week earlier, according to one analyst.

NetSpend Holdings Inc.’s initial day as a public company fared well, but it might have done better had it debuted on the market a week earlier, according to one analyst.

Total System Services Inc. this month announced new and extended payment-processing service agreements with three banks outside the U.S.

West Virginia Attorney General Darrell McGraw on Tuesday sued an Arizona-based debt relief company and its owner in hopes of banning the company from doing business in the state.

After more than a year of negotiations, Visa Inc. has begun to create a debit business in Canada, as the country’s regulatory environment for payments appears to have settled.

The Federal Reserve Board on Oct. 19 announced a proposed rule to clarify certain aspects of Credit Card Accountability, Responsibility and Disclosure Act that went into effect earlier this year.

A shakeout among debt-relief firms is likely as such companies restructure their operations to conform with new Federal Trade Commission rules that take effect this month, experts say.

Competing prepaid card issuers may find an opportunity in the restrictions placed on Meta Financial Group Inc. by its regulator, observers say.

Credit unions on Tuesday were exploring whether to sign on to a suit filed by Twin Cities bank TCF Financial challenging the constitutionality of the new interchange amendment that may cap fees on debit card transactions.