WASHINGTON — If credit unions hope to kill the provisions to further regulate interchange fees in the financial regulation bill they will have to do it with the administration sitting on the sidelines.
"We frankly haven't taken a formal position on it," Assistant Treasury Secretary for Financial Institutions Michael Barr told reporters at a briefing today.
He didn't say if the administration would weigh in on the provisions, which were not part of the administration's original proposal, later on in the process.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
