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.
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