Swipe fees back in focus; Waller urges delay; BofA's Moynihan praises Trump team

Swipe fees back in focus; Waller urges delay; BofA's Moynihan praises Trump team

Swipe fees get renewed Washington focus in aftermath of election: Senate Majority Whip Dick Durbin, D-Ill., has scheduled a hearing on swipe fees for Nov. 19, but executives from Visa and Mastercard aren't among the confirmed witnesses for the lame duck hearing.

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Fed's Waller: SCOTUS rulings should delay interchange rule: The Federal Reserve Board's top payments official said the agency should not move forward with its push to lower the cap on debit interchange fees until it has a better understanding of recent Supreme Court decisions.


'They should hit the ground running': BofA's Moynihan praises Trump team: The incoming administration has experience from its previous run, Bank of America's chairman and CEO said. He also said he would not join it.?


Community banks are falling short on vendor oversight, survey says: Small and midsized banks fail to implement key oversight measures on their third-party vendors, something regulators implore they fix, according to new research.


FDIC says banking access grows, yet racial disparities remain: The growth in mobile banking has lowered barriers to accessing the banking system, but the Federal Deposit Insurance Corp.'s National Survey of the Unbanked and Underbanked reveals that minority households are still disproportionately underserved.

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