Credit union executives swarm Capitol Hill to protest limits on card ‘swipe fees’


John Blum knows there’s more money at stake for the big banks in the heated debate over the financial overhaul bill than for his relatively tiny 200,000-member credit union in Virginia Beach.

But on Wednesday, Blum joined forces with some of the country’s smallest financial institutions to protest a “swipe fee” amendment for credit and debit cards that they called discriminatory, arbitrary and anti-consumer.

READ ARTICLE: via Credit union executives swarm Capitol Hill to protest limits on card ‘swipe fees’.

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