TCF Wants Debit Cap Delayed Until Federal Appeals Court Decides their Case
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| Debit Cap |
Bloomberg reports that TCF Bank is "not happy" with regulators .12 cent debit cap and wants a federal appeals court to delay implementation until their case is heard..."A cap on debit-card swipe fees collected by the biggest U.S. banks should be delayed past a July deadline until a challenge to the law is decided, TCF National Bank argued to a federal appeals court...read more
“TCF will no longer be able to maintain its financial integrity,” the bank, a unit of Wayzata, Minnesota-based TCF Financial Corp. (TCB), said in court papers.
