Illinois senator Richard Durbin, a Democrat, has defended the debit card interchange amendment that bears his name, suggesting that the bank that has brought suit against it in federal court does not really understand it.
Representing one of the world's fastest growing credit union movements, 12 representatives from Uzbekistan's Central Bank arrived at WOCCU's Madison, Wis. headquarters late last month to explore best practices and other strategies.
A controversial study from researchers affiliated with the Federal Reserve Bank of Boston suggests that lower income consumers who generally use more cash and debit cards subsidize the credit card use and rewards of wealthier consumers.
Ed Mierzwinski, consumer program director at the non-profit, non-partisan U.S. Public Interest Research Group, shares why reg restructuring is good for everyone.
Senate Majority Whip Richard Durbin is "disappointed," with the arguments made by CUNA and the Independent Community Bankers of America in opposing his amendment to regulate interchange fees.
World Council of Credit Unions has been invited to comment on a G-20 proposal to increase financial services access to the world's poor.
The Competitive Enterprise Institute, a Washington think tank with a conservative reputation,