Trades and CU Execs Wage Capitol Hill War in Interchange Restrictions


From the halls of the Treasury Department to town meetings in the states, credit unions and their allies began the last stages of the fight to kill an amendment to the regulatory overhaul bill that would give the Federal Reserve the power to regulate interchange fees.

CUNA President/CEO Dan Mica and other association officials made the case in a June 1 meeting with Assistant Treasury Secretary Michael Barr and presented a letter saying the change could “result in direct and substantial reductions in credit unions’ net worth.”

READ ARTICLE via Trades and CU Execs Wage Capitol Hill War in Interchange Restrictions.

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