National Federal Reserve panel chair praises CDIAC record in shedding light on charter differences and addressing regulatory barriers.
The interchange cap, loan demand, compliance burdens and corporate pricing are all figuring in the early discussion of those newly named Federal Reserve panels composed of bank and credit union CEOs.
The initial reviews are in from the meeting this week between credit union CEOs, community bank CEOs and top brass of Federal Reserve banks, and so far the assessment of what was discussed on everything from interchange to Fannie/Freddie status was favorable.
Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.
CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.