With Durbin Pending, No Plans To Add New Fees-Yet

Birch, Ray
June 2011
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p1
Trade Publication
The article reports that credit unions (CUs) in the U.S. are yet to make plans to compensate for lost income a week after a bill to delay the Durbin Amendment was defeated. It states that the Federal Reserve Board is expected to ordain a final rule on debit interchange. It also mentions that chief executive officers (CEOs) hold off making a decision to see whether the two-tier system, which excludes financial institutions below 10 billion dollars, will benefit small issuers.


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