When regulating interchange fees, the Federal Reserve should exercise flexibility, not make decisions in isolation and consider the costs that credit union incur when running card programs.

Did credit unions pick the wrong partner in the legislative interchange battle?

Congress completed work today on what some said is the most comprehensive financial regulatory bill since the New Deal when the Senate approved the measure 60 to 39.

During what he hopes will be the beginning of the final debate on the financial overhaul bill, Senate Banking Committee Chairman Christopher Dodd thanked NCUA Chairman Debbie Matz for her help during the drafting and negotiations.