TITLE

Why Interchange Reform Is Necessary

AUTHOR(S)
Durbin, Dick
PUB. DATE
March 2011
SOURCE
Credit Union Times;3/2/2011, Vol. 22 Issue 8, p12
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
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.
ACCESSION #
58771487

 

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