NCUA chair replaces Gigi Hyland on community development organization's board.
NAFCU presented a generally favorable report on the health of credit unions during its meeting with leaders of the Federal Reserve Board this week.
Credit unions got a bit of good news when the Federal Reserve reversed itself and announced that debit interchange fees will be capped at 21 cents a transaction, up from the original proposal of 12 cents, with a 1 cent fee for fraud prevention and a five basis point allowance...
This article about the Fed's move on the interchange cap is just one of the articles that will appear in the next print edition of Credit Union Times.
Credit unions and other opponents of the Federal Reserve’s proposed rule capping debit interchange fees received good news last week when bills to delay the rule’s implementation were introduced in the Senate and House.
Since its introduction last year as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the interchange price cap amendment has been a source of great consternation for our industry. NAFCU, both in principle and substance, has fought it fervently.
President Obama's three nominees for seats on the Federal Reserve Board told lawmakers today that they would support policies to encourage more economic growth and be stronger regulators of financial institutions.