Search
 

Sen. Dick Durbin Reiterates Need For Interchange Reform

Majority whip, in speech Thursday, said credit union and small banks are "becoming part of big banking."

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Senate Majority Whip Dick Durbin took to the Senate floor again to reiterate the need for interchange reform and said small banks and credit unions are acting more like large financial institutions in opposing his efforts.

He said in a speech Thursday that the smaller financial institutions are “becoming part of big banking,’’ as a result of their efforts in the interchange fight and said “it’s not healthy for them and not healthy for the economy.’’

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?

Trending Stories

 

Recommended Stories

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.