As the implementation of new regulations regarding debit card "swipe fees" approaches, financial associations have been working to oppose the changes. American Bankers Association and Financial Services Roundtable, both in Washington, filed legal briefs supporting TCF National Bank's lawsuit against the Federal Reserve. The suit challenges the constitutionality of an amendment by Sen. Dick Durbin (D-IL) that allows the Federal Reserve to place a cap on fees that banks charge retailers for debit card usage. Merchants Payment Coalition, Washington, a collection of several trade associations formed largely to fight this measure, also filed a brief supporting the suit. Details: www.aba.com, www.fsround.org.
National Funding Association, Blowing Rock NC, has announced its first annual conference in its 20-year history, May 4-6 at the Grand Hyatt in Atlanta. Featured speakers include finance industry experts, as well as Georgia Gov. Nathan Deal (R) and Atlanta Mayor Kasim Reed (D). Details: www.nationalfunding.org.
Associations Polaris International, Fidunion International and IGAF Worldwide have agreed to merge. The new group will be known as IGAF Polaris, and will have 384 member firms. The merger is expected to be completed June 1. World headquarters will be in Miami. IGAF Worldwide president Kevin Mead, CAE, will become CEO. Details: www.igafpolaris.org.