Although there isn't likely to be any congressional action onthe interchange issue before Congress leaves town for recess at theend of the week, CUNA and NAFCU are working hard to get theirmembers to lobby lawmakers.
|CUNA is holding a national teleconference at 3 p.m. ET onWednesday to brief people on the issue and encourage them to takeaction. In addition, the trade association has produced a YouTube videoexplaining the issue.
|Since March, the trade association has generated almost 85,000contacts with lawmakers via phone, email and personal meetings.
|NAFCU said it has had thousands of contacts in person and viaemail and is making use of the website at www.saveyourdebitcard.comto enable people to write lawmakers. In addition, the associationhas sent letters to lawmakers stating its position. Through thewebsite alone, it has generated 16,310 contacts, NAFCUsaid.
|The House and Senate are likely to deal with budget issues thisweek and lobbyists for CUNA and NAFCU said there isn't likely to belegislation to delay implementation of the Federal Reserve's debitinterchange rule until lawmakers return from recess next month.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com 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 Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
