Federal Reserve Articles

Headline

Court Upholds Interchange Fees; Disappoints Retailers

March 21, 2014

Court Upholds Interchange Fees; Disappoints Retailers

A U.S. Appeals Court on March 21 upheld the Federal Reserve's rules governing debit card interchange fees, dealing a major blow to retailers who have fought to reduce the transaction fees they are charged when customers swipe a debit card. The ruling reverses a lower court’s decision last year that the Federal Reserve had set the cap on debit card transactions too high.

Durbin, Welch Ask Federal Reserve to Revisit Debit Fee Levels

July 29, 2013

Durbin, Welch Ask Federal Reserve to Revisit Debit Fee Levels

Senator Dick Durbin (D-Ill.) and Rep. Peter Welch (D-Vt.) have asked the Federal Reserve Board to revisit the fee levels set in the debit fee rules standard established after passage of the Dodd-Frank Wall Street Reform legislation.

Oil Prices Hit $100 a Barrel

September 17, 2012

Oil Prices Hit $100 a Barrel

Crude oil prices hit more the highest price per barrel since May 4 last week.

Quick Facts and Figures, Industrial Production

January 23, 2012

Quick Facts and Figures, Industrial Production

Industrial production rose 0.4 percent in December as factory output, which makes up three-quarters of the total, climbed 0.9 percent, the Federal Reserve said last week.