The latest from Norman Patrick

Apr 6, 2017 - by Norman Patrick, Velera

The regulatory environment & executive orders

The 2016 presidential campaign featured considerable debate around the degree of regulation in the U.S. financial services system. One of the campaign’s most vocal critics, particularly of the ...

Sep 2, 2016 - by Norman Patrick, Velera

Where do we stand with debit card interchange and overdraft fee regulation?

Revenue from the total of debit card interchange and overdraft fees often accounts for over 50 percent of a given credit union’s total non-interest income. Debit interchange has been ...

Feb 19, 2014 - by Norman Patrick, Velera

Interchange developments: Lawyers, courts and an ongoing process

On Friday, January 17, 2014, attorneys representing the Federal Reserve (the Fed), retailers and retailer trade groups appeared before the U.S. Court of Appeals for the District of Columbia ...

Oct 8, 2013 - by Norman Patrick, Velera

Debit interchange 2.0: Is your credit union optimized and ready?

It has been a tumultuous time for credit unions in the debit arena since Federal Reserve Regulation II spelled out the Durbin Amendment’s new play book in October 2011.  ...