interchange cap

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  CUs, Banks Now Look To Courts After Senate Interchange Defeat

  By Claude R. Marx  |  June 13, 2011

  Credit unions are hoping for relief from the courts and an improved rule from the Federal Reserve following the Senate defeat of an amendment that would have delayed the Federal Reserve’s rule regulating debit interchange fees by up to a year.

• Another Revenue Stream Bites the Dust

  By Sarah Snell Cooke  |  June 13, 2011

  Last week credit unions and banks failed to muster the votes to even delay the interchange fee cap regulation by a year. One could argue it was a failure of the American political structure that grants some groups or individuals inordinate amounts of power.

• NAFCU Urges Fed to 'Take Guidance' from Failed Interchange Amendment

  By David Morrison  |  June 10, 2011

  Trade says Fed has authority to limit financial impact on debit card-issuing credit unions.

• CU Trades Disappointed With Interchange Vote While Retailers Happy

  By Claude R. Marx  |  June 8, 2011

  New debit cap "is going to create a train wreck that will affect every consumer with a debit card," says CUNA President/CEO Bill Cheney.

• Senate Rejects Interchange Cap Delay

  By Claude R. Marx  |  June 8, 2011

  After year-long battle between financial institutions and retailers, measure to delay interchange cap fails by six votes.

• CU Lobbyists Waging Last-Minute Effort to Push Interchange Measure

  By Claude R. Marx  |  June 8, 2011

  Senate vote expected at 2 p.m. today; sources report that measure delaying interchange cap within a few votes of passing.

• Senate Showdown on Interchange Delay Could Be Next Wednesday

  By Claude R. Marx  |  June 3, 2011

  Several sources tell Credit Union Times that Sen. Jon Tester (D-Mont.) will offer amendment during debate of a funding bill.

• Interchange Hit Seen Hindering Growth at Smaller CUs: Brandsma

  By Jim Rubenstein  |  May 31, 2011

  Sound CU CEO, heading for merger completion, sees interchange cap forcing possible changes in checking programs.

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  New York CUs Visit U.S. Rep. Over Interchange

  By Jonathan Londino  |  May 25, 2011

  Group urges first-term GOP Rep. Ann Marie Buerkle to support interchange cap delay.

• Retailers Launch Print and Radio Campaigns on Interchange

  By Claude R. Marx  |  May 24, 2011

  Washington, D.C. publications, stations venue for pitch for no delay to Fed's interchange debit cap.