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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.


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