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VISA Makes Statement on Durbin Amendment

By David Morrison

Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).

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Matz Urges Changes to Senate Reform Bill

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Senate Passes Interchange Amendment

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May 13, 2010

35,000 e-Mails, Letters Blitz Senators on Interchange

The industry's massive lobbying effort this week to oppose Sen. Durbin's interchange amendment triggered an estimated 35,000 letters and e-mail messages to U.S. senators but that was apparently dwarfed by retailers' counter campaign.

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May 13, 2010

NAFCU Will Continue to Contest Interchange Measure

NAFCU vowed it would continue to oppose an amendment to the regulatory overhaul bill that would regulate card interchange. The measure was sponsored and championed by Illinois Democratic Senator Richard Durbin.

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May 13, 2010

APWG Report Cites 'Avalanche' of Phishing

Two-thirds of all phishing attacks detected worldwide in the second half of last year can be traced to a single electronic crime syndicate, according to a new report.

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May 12, 2010

Income Offsets New OTTIs at Constitution Corp

Despite a new $1 million OTTI, the $1.2 billion Constitution Corporate FCU rounded out the first quarter with a net profit of $708,000.

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May 12, 2010

Foreclosure Numbers Show Some Improvement

The rates of foreclosures in the country dropped in April for the first time since before the current economic downturn began, according to Realty Trac, a firm that bills itself as the "leading online marketplace of foreclosure properties."

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May 12, 2010

New Mexico Congressman Backs MBL Cap Increase

U.S. Rep. Martin Heinrich (D-N.M.), a co-sponsor of H.R. 3880 legislation to raise the member business lending cap, recently reiterated his support for the increase to the Credit Union Association of New Mexico.

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May 12, 2010