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TCF vs. Fed: Suit Stands, Injunction Request Denied

TCF Financial Corporation's lawsuit against the Federal Reserve board wasn't thrown out as the Fed had requested-but the company was dealt a blow when a federal judge refused to issue a preliminary injunction to stop debit-card interchange limits from being enforced.

MN Banks Borrowed From Fed During Financial Crisis

U.S. Bancorp, TCF Financial Corporation, Home Federal Savings Bank of Rochester, Stearns Bank of St. Cloud, and Highland Bank of St. Michael are among the Minnesota banks that tapped the Federal Reserve's discount window during the financial crisis.