Why Interchange Reform Is Necessary

Durbin, Dick
March 2011
Credit Union Times;3/2/2011, Vol. 22 Issue 8, p12
In this article the author discusses the issues concerning the interchange reform and its impact to credit unions (CUs). He mentions that unregulated network price-fixing in the interchange system has showed moneymaking for issuers, who gain high fees. He points out that interchange rates are centrally determined by the major card networks throughout all issuers.


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