While the deadline for comments on the Federal Reserve's proposed cap on debit interchange remains more than a month away, credit unions have not flooded the regulator with their opinions about the proposal.
Fewer than 100 comments on the proposed rule have been posted to the Federal Reserve's website as of this morning, and many of those posted have not been from CUs.
One CU comment that has been posted was dated Jan. 4, 2011 and came from Ben Heyward, CEO of the $349 million First Financial Credit Union headquartered in Albuquerque, New Mexico.
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