Executives from CUNA and CUNA Mutual Insurance Group are asking more credit unions to comment on ongoing discussions about the definitions of what will be a qualifying residential mortgage, or QRM.
WASHINGTON — Skeptics dominated a conference on the impact of a proposed cap on debit interchange that was held on the same day Federal Reserve Chairman Ben Bernanke informed Congress that the Fed will miss an April 21 deadline to announce the regulation's final version.
WASHINGTON — A former chairman of the President's Council of Economic Advisors under the Clinton Administration likened the proposed cap on debit interchange to “pushing paper mail over email.”
Credit unions should continue to throw themselves body and soul into fighting a looming cap on debit card interchange, but should do so without any significant expectation that they will succeed.
WASHINGTON — Experts familiar with the debit interchange fight urged credit union leaders at CUNA's Governmental Affairs Conference to prepare for the best on the pending rule but prepare for the worst.
Upon being sworn in for her third term in the House of Representatives, Rep. Michele Bachmann (R-Minn.) introduced
NAFCU has written a letter to the Federal Reserve expressing concerns that the debit interchange cap that the Fed is currently writing may wind up impacting credit unions as well as large banks.
A day after new regulations from the new CARD act went into effect, credit unions are getting media support on getting exemption from Federal Reserve interchange rate rules.