National Grocers Association was one of original litigants in the anti-trust case and now rejects the preliminary settlement.
CUNA says data shows $1.38 million loss for 155 credit unions in that quarter alone in data trade studied.
Now that the deadline for the Durbin amendment interchange cap to take effect has passed, financial institutions are continuing to develop ways to offset lost interchange revenue. One solution? Raise fee income by making debit and ATM transactions more expensive for consumers.