CUNA's "little guy," will soon be at it again on behalf ofcredit unions on Capitol Hill, this time to fight efforts torestrict interchange fees.

|

CUNA has prepared material for leagues to distribute to creditunions so they can provide their members with the material tocontact their members of Congress on the issue.

|

"My credit union's debit and credit card programs are importantto me. Please say 'no' to the merchants' proposed interchangelegislation," says a postcard, which also has an illustration ofthe "little guy," whom CUNA has used to symbolize credit unions'work on behalf of the average consumer.

|

The "little guy," also appears on a poster that credit unionscan place in their offices urging members to send postcards tomembers of Congress.

|

Mark Caverly, executive vice president of Local GovernmentFederal Credit Union in Raleigh, N.C. is scheduled to testify onbehalf of CUNA on Thursday at a House Banking Committee hearing inopposition to a bill on interchange fees, sponsored by Rep. PeterWelch (D-Vt.). The bill would require credit card companies todisclose interchange rates to consumers and businesses and give theFederal Trade Commission the power to review these rates andprohibit practices deemed anti consumer or anti competitive.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.