Okla. Legislature May Take On Interchange

Prodded by both the bank and credit union lobbies, Oklahoma lawmakers may join their Michigan counterparts in urging a halt to implementation of the Federal Reserve's interchange fee rules.

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Prodded by both the bank and credit union lobbies, Oklahoma lawmakers may join their Michigan counterparts in urging a halt to implementation of the Federal Reserve’s interchange fee rules.

The president/CEO of the Credit Union Association of Oklahoma, Gary Jones, said his group has been cooperating with the Oklahoma Bankers Association on getting the state legislature to act on a nonbinding resolution urging the state’s Congressional delegation to pursue quashing of Fed implementation.

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