Dick Durbin

• CFPB Will Investigate On-Campus Financial Products

  By Heather Anderson  |  January 31, 2013

  Bureau announced new project Thursday and will collect comments through March 18.

• Durbin, Miller Critical of Campus Debit Card Agreements

  By Heather Anderson  |  June 8, 2012

  Senator, representative send letters to CFPB, Education Department asking them to examine bank-affiliated student debit card practices.

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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.

• 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.

• Retailers Launching 60-Day Campaign to Keep Durbin Amendment

  By Claude R. Marx  |  May 16, 2011

  The retailers are stepping up their defense of the Durbin Amendment and the interchange cap.

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  ABA’s Keating Seeks Unity and Common Ground

  By Claude R. Marx  |  March 16, 2011

  On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions’ tax-exempt status and raising the cap on member business lending, the industries’ interests diverge.

• Say What Needs Saying and Say It Again

  By Sarah Snell Cooke  |  March 2, 2011

  If you don’t tell people what is on your mind, they’ll never know. The credit union industry has taken this to heart on the interchange issue.

• Matz Urges Meaningful Exemptions for Small CUs in Interchange Rule

  By Claude R. Marx  |  February 16, 2011

  NCUA Chairman Debbie Matz today urged Federal Reserve Chairman Ben Bernanke to ensure that the Fed's rule limiting debit interchange fees contains "meaningful exemptions" for card issuers with assets of less than $10 billion.

• Allied CU's Michael to Testify on Interchange Before House Panel

  By Claude R. Marx  |  February 11, 2011

  Allied Credit Union President/CEO Frank Michael will be one of seven people testifying at the Feb. 17 hearing on the Federal Reserve's proposed rule on interchange fees, the House Financial Services Committee announced today.