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In an era of shrinking profit margins, credit unions can still find new lending opportunities, one industry expert said.

In an era of shrinking profit margins, credit unions can still find new lending opportunities, one industry expert said.

WASHINGTON — The staff of the Federal Reserve failed when they did not thoroughly analyze the impact of a proposed regulation on the debit interchange cap on consumers and the economy at large, according to a leading economist.

Credit union employees and members who want to contact lawmakers to express support for delaying the Fed’s interchange rule have a new online resource.

WASHINGTON — A former chairman of the President's Council of Economic Advisors under the Clinton Administration likened the proposed cap on debit interchange to “pushing paper mail over email.”

Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking.But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a...