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.