A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
Merchant Payments Coalition cites CUNA survey, says smaller-asset institutions shielded from interchange cap.
Participating credit unions showed drop in debit interchange for PIN transactions.
House panel to meet on June 20 and probe the Consumer Financial Protection Bureau’s mandate to combine residential mortgage disclosures.
Illinois senator files brief in case seeking to force Fed to cut interchange costs further.
Rather than pass debit interchange savings from the Durbin Amendment on to consumers, gasoline retailers are pocketing the difference, according to the Electronic Payments Coalition.
Rather than pass debit interchange savings from the Durbin Amendment on to consumers, gasoline retailers are pocketing the difference, the Electronic Payments Coalition says.
When Kyle Markland was hired at Affinity Plus Federal Credit Union at the age of 33, he admits that the board took a chance on bringing in someone so young to lead what was then a $357 million cooperative.
Senator lauds home state University of Illinois CU for adopting, posting new form.
This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.