Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Saying it’s needed to protect credit unions and community banks, Sens. Jon Tester (D-Mont.) and Bob Corker (R-Tenn.) on Tuesday offered an amendment to delay implementation of the Federal Reserve’s rule regulating debit interchange fees.

The amendment calls for a six-month study by the NCUA and other regulators to consider the fixed and incremental costs to the financial institutions of the new rules, whether the rules will adversely affect consumers, and whether the small issuer exemption is feasible.


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 © 2022 ALM Global, LLC. All Rights Reserved.