A group of New York credit union leaders visited first-term U.S. Rep. Ann Marie Buerkle (R-N.Y.) in her office in Syracuse to discuss the Federal Reserve's proposed debit interchange rule. The May 20 visit included 15 representatives from nine credit unions and the Credit Union Association of New York. They shared with Buerkle a sample of the 28,000 letters that credit union employees, volunteers and members have written in an ongoing campaign against the proposed rule.

The Dodd-Frank Act in its current state will be detrimental to all consumers, the group said, not just to credit union members.

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The credit union leaders expressed their support for the bill H.R. 1081, which U.S. Rep. Shelley Moore Capito (R-W.Va.) has proposed to delay the Fed's rule. Five congressional representatives from New York have already signed on as co-sponsors of the bill.

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The credit union visitors included Mark Pfisterer, Ann Tyler, John Stevenson and Luis Marina from AmeriCU Credit Union; Vicky O'Neill from ACMG FCU; Mike Giles from CORE FCU; John Wakefield from Empower FCU; Christine Peters and Hugh Franklin from Family First of NY FCU; Marilyn Marra-Crolick from Focal Point FCU; Pamela Heald from Reliant Community FCU; Michael Vadala from The Summit FCU; Jack Houseknecht from Visions FCU and William J. Mellin and Michael Lanotte of the Credit Union Association of New York.

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Payments/Credit/Debit