Congress Won't Halt Debit Rules

June 2011
Credit Union Journal;6/13/2011, Vol. 15 Issue 22, p1
Trade Publication
The article focuses on the lobbying effort by credit unions (CUs) and banks on delaying the interchange reform under Dublin amendment by the U.S. Federal Reserve. It says that the Credit Union National Association (CUNA) is implementing two-tiered system in collaboration with Visa U.S.A. Inc. and MasterCard International Inc. to delay the rule on debit fee cuts. It states that Montana Democrat Jon Tester cites that CUs and community banks will lose their income from the debit cuts.


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