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I don’t think it’s too much of a stretch to say that our industry’s fight against a Draconian interchange fee cap reached epic proportions in the weeks leading up to the June 8 vote in the Senate on the Tester-Corker amendment to delay and study the Fed’s proposed rule. Credit unions fought valiantly. While not getting the 60 votes required to overcome a filibuster, we convinced a large number of senators to reconsider their prior vote through a groundswell of grassroots outreach not seen in the Capitol in many years. 

Tonya Knudesn

Credit Union Times

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