Finance News
Federal Reserve Caps Debit Interchange At 21 Cents Plus Fraud Fee
Regulation II limits what large debit card issuers can collect on a swipe to a formula set in 2011 that the Fed proposed lowering in 2023 but has not changed in…
Author
Naomi Bergman
Independent editorial contributor covering fintech, payments, household credit, regulation and markets.
Articles by Naomi Bergman
Finance News
CFPB Finalizes Section 1033 Open-Banking Rule With Compliance Starting in 2026
The CFPB's personal financial data rights rule requires the largest banks to open customer data to rival providers on request, with the first deadlines arriving…
Finance News
Q2 2026 Bank Earnings Wrap: JPMorgan Posts Record $21.2 Billion
JPMorgan's July 14, 2026 release set the season's tone: record net income of $21.2 billion with net interest income up 10% and Markets revenue up 35%.
Payments
Credit Card Competition Act Returns in 2026 With Presidential Backing
The Credit Card Competition Act of 2026, introduced January 13, would require the largest banks to enable a second credit routing network; it remains in Senate…
Innovation
How AI Underwriting Is Changing Credit Decisions at U.S. Banks
Banks now run machine-learning models on cash-flow and bureau data to rank credit applicants, while Regulation B adverse-action rules and CFPB circulars require…