bank groups

• MBL Sets a $12 Billion Record

  By Michelle A. Samaad  |  June 4, 2012

  Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...

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  Bids for Delay of Durbin Amendment in Congress

  By Claude R. Marx  |  March 23, 2011

  Credit unions and other opponents of the Federal Reserve’s proposed rule capping debit interchange fees received good news last week when bills to delay the rule’s implementation were introduced in the Senate and House.

• Trades’ Brief Raises Constitutional and Economic Objections to Interchange Rule

  By Claude R. Marx  |  March 11, 2011

  The Federal Reserve’s proposed rule regulating interchange is unconstitutional and would do “irreparable harm to issuers and consumers.’’

• Trades Want to File Amicus on Interchange Lawsuit

  By Claude R. Marx  |  March 7, 2011

  CUNA, NAFCU and several bank groups are asking a federal judge if they can file a friend-of-the-court brief on behalf of a bank that is challenging the constitutionality of the law, giving the Federal Reserve the power to regulate interchange.