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Interchange Rule Draws Flak

The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.

By David Morrison | Updated on July 17, 2011

The Federal Reserve’s most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.

That is the consensus of card processing and CUSO executives charged with helping credit unions craft a debit strategy in the face of what may be a slowly declining source of income.

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