The industry furor over the interchange amendment passed by the Senate and sponsored by Majority Whip Richard Durbin (D-Ill.), marked by a no-holds-barred grassroots campaign,
As the industry's interchange blitz strode into full swing this week, CUNA and state leagues warned anew Monday about the bottom line impact on credit unions should the Durbin amendment be enacted.
Vermont might become the first state to enact a law regulating whether and how retailers pay card interchange fees.
Vermont Governor Jim Douglas has the power to make his small state the first in the country to pass a measure that could significantly impact the amount of card interchange earned from card transactions.
With federal legislation on credit and debit card interchange appearing dead in the water this year,