Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA leagues rally CUs to action on interchange
WASHINGTON (5/28/10)—As the effort to affect interchange legislation continues, the Credit Union National Association (CUNA) and credit union leagues are encouraging credit union employees and members to contact their congressional representatives over the upcoming memorial day recess. CUNA and the Leagues are working to help spread credit unions’ anti-interchange-legislation message throughout next week’s scheduled congressional district meetings, where credit union supporters will be able to directly address the interchange issue with their representatives. Credit union backers can also reach their representatives via letter, which CUNA has provided talking points for at http://capwiz.com/cuna/home/ . More direct action will follow in June, with CUNA and the credit union leagues backing a nationwide fly-in and another round of CUNA’s National Hike the Hill set to take place on June 8, 9 and 10. The interchange amendment was included in the Senate version of the regulatory reform package, S. 3217, the Restoring American Financial Stability Act (RAFSA), which passed the Senate earlier this month by a 59-39 vote. However, the House version of regulatory reform, which was passed late last year, does not address interchange fees. As the House and Senate move forward to design a single bill that both houses of Congress can ratify, CUNA will continue its push against the interchange language and urge federal lawmakers to drop any such provision out of a final bill. CUNA President/CEO Dan Mica has called on credit unions to “engage at the grassroots level right away.” For more materials to help in this coordinated effort, use the resource link.


RSS print
News Now LiveWire
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
12 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
16 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
17 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
18 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago