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Consumers Oppose Durbin Amendment Once Costs Are Added, Visa Says

By David Morrison

A new consumer survey from Visa Inc. has found that consumers oppose the most recent legislation to regulate debit card interchange when told the new rules might cost them more money.

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TMG Client CUs Have Access to Card Alerts, Mobile Banking

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At Least One CU Does Not Oppose the Durbin Amendment

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Payments/Credit/Debit Stories

June 09, 2010

Regulatory Overhaul Conference Committee Slated to Convene Today

The issue of regulating interchange fees will be one of the topics lawmakers have to deal with when the House-Senate conference committee meets today to reconcile the differences between the financial reform bills passed by both chambers.

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June 08, 2010

Durbin Amendment Should Be Called Walgreens Amendment, Expert Says

A lawyer and academic addressing a Washington D.C. meeting on card interchange told attendees that the so-called Durbin amendment should really be called the Walgreens Amendment.

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June 08, 2010

Troops Muster Against Durbin Effort

The industry furor over the interchange amendment passed by the Senate and sponsored by Majority Whip Richard Durbin (D-Ill.), marked by a no-holds-barred grassroots campaign,

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June 07, 2010

Retailers and CUs Differ on Impact of Interchange Amendment

A group of retailers today sent lawmakers a flyer contending that 99.96% of credit unions wouldn't be affected by an amendment in the regulatory overhaul giving the Federal Reserve the power to regulate interchange fees.

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June 07, 2010

Lawmakers Seeking Support for Letter Against Interchange Amendment

Reps. Debbie Wasserman Schultz (D-Fla.) and Kenny Marchant (R-Texas) are asking colleagues to sign a letter to push for the removal of Senate-passed amendment giving the Federal Reserve the power to regulate interchange fees.

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June 07, 2010

Cameo Awards Recognize Strong CU Card Marketing Programs

Card Services for Credit Unions has announced the winners of its eighth annual round of Cameo awards.

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June 06, 2010

ATM Disclosure Lawsuits Still Percolating

Credit union ATM deployers should keep routinely checking their ATMs to make sure all their standard fee disclosures are up to date as law firms around the country have continued to file lawsuits alleging disclosure errors.

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