Debit Interchange Fight Sparks Battle of Big Spenders
Goliath vs. Goliath.
That’s the landscape as the retail and financial service industries duke it out over attempts to regulate debit interchange fees.
Other large lobbying expenditures were: Boeing Employees CU, $210,000; Alaska USA FCU, $155,000; California and Nevada Credit Union Leagues, $70,000; and the Massachusetts Credit Union Share Insurance Corp., $5,174.
Those expenditures range from the cost of supplying witnesses for hearings to some of the salaries for staff members who do the lobbying.