CUNA has written a letter to the Federal Trade Commission objecting to the way the commissioncharacterized the impact of the Durbin amendment's interchange cap on credit unions.
The characterization came in a report the FTC published as partof an appropriations measure.
The Durbin amendment capped the amount of interchange that debitcard issuers of over $10 billion can receive for transactionscardholders validate with a personal identificationnumber.
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