Small Talk: It's Not The Large FIs That Are Speaking Up

Roberts, Ed
January 2011
Credit Union Journal;1/17/2011, Vol. 15 Issue 3, p1
Trade Publication
The article reports on the comment process over the U.S. Federal Reserve's proposal on debit interchange fees dominated by credit unions and community banks. It states that credit unions submitted comments concerning the rules applied to credit unions and banks with more than 10 billion U.S. dollars in assets will impact their revenue from debit transactions. Moreover, credit unions doubt that interchange cuts will accrue to consumers as what the government intends.


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