Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
LSCU discusses what fed overhaul means on local IABCI
TALLAHASSEE, Fla., and BIRMINGHAM, Ala. (7/21/10)--The League of Southeastern Credit Unions (LSCU) was featured on a local ABC news station for a story about regulatory reform and interchange fees. LSCU’s vice president of communications, Mike Bridges, discussed what the fed overhaul means on the news station WTXL four times--three times on Friday and once on Monday, the league said. The 2,300-page federal regulatory reform bill, passed Thursday, allows the government to set interchange fees. The Credit Union National Association and credit unions have opposed the language in the reform bill that allows this because they argue that it would be more difficult for credit unions to offer card products and services to members. Bridges told ABC that because of the new interchange rules, there’s fear that while retailers may see reduced rates in their fees, it doesn’t mean that the savings will be passed on to consumers. Also, there’s a cost to credit unions and banks if lower transaction fees would mean fees for consumers, he added. “[The bill] could cause credit unions who issue those cards to put a small fee back onto their members,” he said.
Other Resources

RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
9 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
9 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
13 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
15 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
19 hours ago