The financial industry has become its own worst enemy where fees – even nominal ones charged for exceptional products and services – are concerned.
I don’t think it’s too much of a stretch to say that our industry’s fight against a Draconian interchange fee cap reached epic proportions in the weeks leading up to the June 8 vote in the Senate on the Tester-Corker amendment to delay and study the Fed’s proposed rule. Credit...
This opinion piece by NAFCU President/CEO Fred Becker is one of the articles that will appear in the next print edition of Credit Union Times.
Loss of interchange income would impact financial ability to respond to potential fraud and breach cases, CUNA argues.