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TBA News & Headlines

FOMC Steps Back from Rate Hike

Posted on 4/30/2015
The Federal Open Market Committee declined to signal when it will raise interest rates in its statement yesterday, citing weakened economic conditions over the winter as a reason to maintain near-zero policy.

Discover Cardholders to Gain Apple Pay Access

Posted on 4/28/2015
Discover yesterday announced that its cardholders will be able to use Apple Pay starting this fall. The move will allow financial institutions that issue Discover Debit cards to give their customers access to Apple Pay, the company said.

FDIC Plans Change in Insured Deposit Determination at Large Banks

Posted on 4/22/2015
To help the FDIC determine promptly whether deposits are insured or not after a bank fails, the agency yesterday requested comment on a proposed set of new recordkeeping standards for banks with more than 2 million deposit accounts.

MasterCard Inks $19 Million Data Breach Settlement with Target

Posted on 4/20/2015
MasterCard and Target last week announced a $19 million settlement of claims by MasterCard and its card issuers related to losses from Target’s 2013 data breach.