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Exemption for small debit card issuers from interchange fee standards working as intended

Exemption for small debit card issuers from interchange fee standards working as intended

Release Date: May 23, 2013 For immediate release The exemption designed to protect small debit card issuers from interchange fee standards applied to large issuers is working as intended, a Federal Reserve Board report released Thursday showed. Small depository institutions with consolidated assets of less than $10 billion, which are exempt from the interchange fee standard in Regulation II, received fee revenue of 43 cents per transaction in 2012.

Better Business Bureau – Don’t Get Scammed When Donating to Tornado Victims

Better Business Bureau – Don’t Get Scammed When Donating to Tornado Victims

CHICAGO , IL – May 23, 2013 – In the wake of a tragedy, scammers like to rise and take advantage of kind, giving people . The Better Business Bureau serving Chicago and Northern Illinois (BBB) is alerting consumers of the possibility of phony charity scams related to the Oklahoma tornado.

Minutes of the Federal Open Market Committee

Minutes of the Federal Open Market Committee

Release Date: May 22, 2013 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 30-May 1, 2013.

Federal Reserve Board announces termination of enforcement action with The Tysan Corporation

Federal Reserve Board announces termination of enforcement action with The Tysan Corporation

Release Date: May 21, 2013 For immediate release The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below:  The Tysan Corporation, Minneapolis, Minnesota Written Agreement dated April 20, 2009 Terminated May 15, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Federal Reserve announces results of offering of 28-day term deposits on May 20

Federal Reserve announces results of offering of 28-day term deposits on May 20

Release Date: May 21, 2013 For release at 12:00 p.m. ET On May 20, 2013, the Federal Reserve conducted a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility.

Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branch

Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branch

Release Date: May 17, 2013 For immediate release The Federal Reserve Board on Friday announced the execution of the following enforcement action: Bank of Montreal, Montreal Canada, BMO Financial Corp., Wilmington, Delaware, Bank of Montreal Chicago Branch, Chicago, Illinois Written Agreement dated April 29, 2013 Search of Federal Reserve enforcement actions . For media inquiries, call 202-452-2955.

New Better Business Bureau Poll Says: “It’s About Curb Appeal”

New Better Business Bureau Poll Says: “It’s About Curb Appeal”

CHICAGO, IL – May 16, 2013 – Now that spring is finally here, the Better Business Bureau serving Chicago and Northern Illinois (BBB) took a poll to see what type of projects people are planning to do this season.   Appearance projects were the clear winners over energy saving work.

Federal Reserve offers 28-day term deposits with full allotment at 26 basis points through its Term Deposit Facility

Federal Reserve offers 28-day term deposits with full allotment at 26 basis points through its Term Deposit Facility

Release Date: May 15, 2013 For release at 1:00 p.m. EDT On May 20, 2013, the Federal Reserve will conduct a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility (TDF).

Consumers Need to Carefully Check for Hidden Fees When Making Vacation Plans

Consumers Need to Carefully Check for Hidden Fees When Making Vacation Plans

Chicago , IL – May 14, 2013 – Apparent bargain-priced vacations may be presenting only a portion of the customer-cost story. The Better Business Bureau serving Chicago and Northern Illinois advises consumers to carefully investigate and compare vacation plans, as well as ask questions about extra fees that could significantly impact your vacation budget.

Federal Reserve Board announces that results of company-run, midyear stress tests are due on July 5

Federal Reserve Board announces that results of company-run, midyear stress tests are due on July 5

Release Date: May 13, 2013 For immediate release Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said in instructions to those firms Monday.

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