WASHINGTON — Experts familiar with the debit interchange fight urged credit union leaders at CUNA’s Governmental Affairs Conference to prepare for the best on the pending rule but prepare for the worst.

The Federal Reserve proposed a rule to implement the Durbin Amendment to last year’s financial reform law that could potentially cut debit card interchange for credit unions. The new regulation is scheduled to go into effect in July.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.