Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: Industry Regulation

TCF requests dismissal of lawsuit challenging Durbin Amendment

Wednesday, July 6, 2011   (0 Comments)

Background
As noted in the fourth quarter 2010 NAPCP E-News, on October 12, 2010, TCF National Bank ("TCF") filed a lawsuit about the constitutionality of the debit interchange regulation (commonly known as the Durbin Amendment).

Latest News
On June 29, 2011, the Eighth Circuit Court of Appeals affirmed a U.S. District Court ruling to deny TCF's motion for a preliminary injunction against the implementation of the Durbin Amendment. The decision was based largely on the grounds that at this stage of the litigation, it was not clear that the exemption for banks with total assets under $10 billion would be effective. In view of this ruling along with yesterday's announcement of the Federal Reserve Board's final rule on debit interchange, which does not resolve the question of the potential effectiveness of the $10 billion exemption, TCF today decided to ask that the U.S. District Court in South Dakota dismiss its case without prejudice.

Read the full press release


Sign In
Sign In securely
Featured Items
Event Calendar

10/17/2017
Capital One Virtual Demo: Raising the Bar on Digital Product Development

11/7/2017
NAPCP Commercial Card Regional Forum - Philadelphia, PA

11/16/2017
MUFG Virtual Demo: ePayable Payments Without the Reconciliation–Keeping the Buyer in Control

12/6/2017
Capital One Demo: Maximize Accounts Payable Efficiency While Also Turning It into a Revenue Stream

1/31/2018
An Interactive Look Into the Certified Purchasing Card Professional Credential

Copyright © 1999 - 2017 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is Feb. 28, 2018 to take the 
exam at the Annual Conference on April 9 in San Diego.

Complimentary resource for all website visitors.
Report free to NAPCP members. Executive Summary free to members and complimentary subscribers.