Citing his newfound ties to the Federal Reserve System, the chairman of the New Hampshire Credit Union League said Friday the industry still has a chance to make a strong case to the Fed for a fair two-tier market system on interchange.
Even as the Fed begins final deliberations on its interchange rules prior to their July 21 implementation, Michael L'Ecuyer, president/CEO of the $350 million Bellwether Community CU in Manchester, said he is soliciting community banker support through his membership on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of Boston.
CUNA earlier this week asked CDIAC members across the country to join the effort in pressing the industry's point on district Fed presidents.
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