Allied CU's Michael to Testify on Interchange Before House Panel
Allied Credit Union President/CEO Frank Michael will be one of seven people testifying at the Feb. 17 hearing on the Federal Reserve's proposed rule on interchange fees, the House Financial Services Committee announced today.
Michael, whose $18 million credit union is based in Stockton, Calif., is one of two representatives from a financial institution. The other is Commerce Bank President/CEO David Kemper. There are representatives of merchant groups, the Merchants Payment Coalition, the Federal Reserve and an executive of VISA who are slated to testify as well.