Payments/Credit/Debit

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.

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

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.

The amendment to regulate interchange will increase transparency to consumers and force card issuers to design their products in a way that consumers are aware of all the costs, consumer advocate and Harvard Law Professor Elizabeth Warren said today.

The Iowa Credit Union League and its counterpart the Iowa Bankers Association are running a joint op-ed this weekend in the Des Moines Register touting the consumer fallout should Congress enact the reg reform provision.

NAFCU President/CEO Fred Becker asked President Obama, Federal Reserve Chairman Ben Bernanke and NCUA Chairman Debbie Matz to "express any concerns you may have," about the amendment that would give the Fed the power to regulate interchange fees.