Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Interchange bill still CU focus at DNC
DENVER (8/27/08)--Interchange was a hot topic for credit unions at this week’s Democratic National Convention (DNC) in Denver.
Click for slide show CUNA staffers prepare for Tuesday morning call with credit union trade press. Clockwise from left: Senior Legislative Representative Chris Gaginis, Political Director Trey Hawkins, Legislative Affairs Vice President Ryan Donovan, Federal Legislative Affairs Director Michele Johnson and Political Program Specialist Anne Foley. (Photo provided by CUNA)
In discussions with lawmakers, Credit Union National Association (CUNA) lobbyists continue to build opposition to a bill that would give merchants an antitrust exemption to negotiate interchange fees. During a DNC event yesterday, MasterCard International General Counsel Noah Hanft pointed out that CUNA was very effective with the interchange message and thanked the association and credit unions for the efforts. At another meeting, CUNA lobbyists Michele Johnson urged Senate Majority Whip Dick Durbin (D-Ill.) to include credit unions in any public hearings on the interchange bill.


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
13 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
14 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
17 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
17 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
17 hours ago