The industry furor over the interchange amendment passed by the Senate and sponsored by Majority Whip Richard Durbin (D-Ill.), marked by a no-holds-barred grassroots campaign, continued at a feverish pace last week via a flood of e-mails, phone calls, petitions, rallies and high-profile visits to lawmakers.

By mid-week CUNA estimated that nearly 100,000 in-person or e-mail contacts by CEOs, employees, volunteers, members and industry advocates had been made to urge House-Senate conferees to delete the interchange restrictive language from the reform bill.

A number of CEOs said they were prepared for the worst if the amendment becomes law and may decide to pass along to members any increased costs.

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

  • Critical 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 and

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