Debit fee battle ‘huge looming threat’ to large retail banks

A second lawsuit challenging the Federal Reserve’s debit interchange fee regime is set to be heard in the U.S. Court of Appeals for the 6th Circuit in October. JPMorganChase, Bank of America and Wells Fargo — as the largest debit issuers by purchase volume — are most at risk to see a dramatic cut in […]

PCE inflation remains sticky as Fed weighs next move

The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve’s target.