Bob Corker

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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.

• 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.

• Tester, Corker Offer Amendment on Interchange Delay

  By Claude R. Marx  |  June 7, 2011

  Vote now set for Wednesday on move to delay implementation of Fed's new debit interchange cap.

• Trades Continue to Gear Up for Election

  May 31, 2011

  CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.

• Trades Reiterate Need for Delaying Interchange Rule

  By Claude R. Marx  |  May 2, 2011

  Easter Break over, lobbying resumes to delay or halt the new cap on interchange fees.

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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.

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  TCF Builds an Attack Against Debit Interchange Cap

  By David Morrison, Claude R. Marx  |  March 16, 2011

  Overturning a proposed debit interchange cap on legal grounds may set a precedent against exempting credit unions from future regulations that affect large banks and other financial institutions.

• Tester Introduces Interchange Bill

  By Claude R. Marx  |  March 15, 2011

  Sen. Jon Tester (D-Mont.) introduced legislation today calling for a two-year delay in the implementation of the Federal Reserve’s rule on debit interchange and a study of the issue.