CUNA and state leagues said last week their massive lobbying effort to oppose the Durbin interchange amendment triggered an estimated 35,000 letters and e-mail messages to U.S. senators, but that was apparently dwarfed by retailers' counter campaign.
Both CUNA and NAFCU voicing disappointment the Senate vote for the amendment clearing the way for the Federal Reserve to regulate "reasonable and proportional" interchange rates on debit cards.
"Merchants and retailers garnered a surmounting 92,000 letters from Illinois alone," noted the California/Nevada Credit Union League in an e-mail message to its supporters.
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