This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
The Hispanic community will “suffer a significant burden,” if Congress and regulators don’t study the unintended consequences of the Durbin amendment to regulate debit interchange fees, Hispanic Chamber of Commerce President/CEO Javier Palomarez conveyed to Senate leaders.
CUNA and NAFCU are urging more senators to sign on as co-sponsors of Sen. Mark Udall’s bill to raise the cap on member business lending.
Saying that "there's more to life than being a United States Senator," Assistant Minority Leader/Minority Whip Jon Kyl (R-Ariz.) announced today he will not seek re-election next year.
For the Federal Reserve employees who are diligently reviewing comment letters regarding the proposed regulation on interchange, it might have seemed like they were living in the movie Groundhog Day.
WASHINGTON - Senate Minority Leader Mitch McConnell threw cold water on the likelihood that the Senate might revisit the interchange amendment that was passed as part of last year's financial overhaul bill.
After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.
Two more letters went out yesterday from NAFCU to key lawmakers urging the inclusion of language that would increase the member business lending cap.
NAFCU has written U.S. Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) over its concern with an amendment capping ATM fees.
Three amendments on the interchange issue would "impose heavy new restrictions on interchange fees," NAFCU Executive Vice President B. Dan Berger wrote Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell today.