Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA video calls 93M members to interchange action
WASHINGTON (4/8/11)--Credit Union National Association (CUNA) President/CEO Bill Cheney in a new video calls on the 93 million credit union members nationwide to contact their members of Congress and ask them to “stop, study and start over” on interchange fee cap legislation.
The video has been posted on CUNA’s Facebook page, Youtube.com, and an interchange resource page on cuna.org. The interchange fee proposal does not account for all the costs related to running a debit card program. As CUNA Board Chairman Harriet May mentions, the proposal does not account for fraud-related costs. The video also features remarks from Rep. Debbie Wasserman-Schultz (D-Fla.), in which she asks: Who “can price for the risk of fraud on a $1,000 flat-panel TV with a 12-cent interchange fee.” While credit unions, as non-profits, do not want to raise fees, Cheney in the video warns that they may be forced to if the interchange cap proposal goes through. “This change will have a negative impact ... on our members,” May warns.
Other Resources

RSS





print
News Now LiveWire
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
33 minutes ago
Neb. #creditunions report widespread growth: 3Q review #NewsNow #system http://t.co/BavEljz15w
1 hours ago
Economic growth leaps in Nov, @ChicagoFed reports http://t.co/8Xo9lKLFf2
2 hours ago
#NewsNow Redwood CU branch manager will do double duty as mayor http://t.co/yRnkcQYrEG
2 hours ago
.@PCUA PAC donors notch record $151K+, surpassing 2013 total
2 hours ago