The Western States Corporate Realignment Task Force, formed to help decide the fate of Western Bridge Corporate Credit Union, issued its report and recommendations about how to go forward in reconstructing the corporate FCU.
The fight over debit card interchange and CUs’ participation in that fight made the front page of The New York Times this morning.
Comment letters, congressional testimony and in-person visits with lawmakers in Washington are key components of a concerted strategy to kill, delay implementation of or at the least modify the Federal Reserve’s proposed rule on debit interchange fees.
A credit union executive testifying on behalf of CUNA before the House Financial Services Committee charged that the exemption meant to protect small asset debit card issuers from an interchange cap was essentially "meaningless."
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.
The California and Nevada Credit Union Leagues announced today they will provide staff support for a newly created Corporate Realignment Task Force.
Many members of the panel charged by CUNA to make recommendations on how the corporate credit union system should be restructured will have more work to do.
CUNA wants a pared down corporate credit union system that requires little new capital from natural person credit unions.