Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Ad touts CU opposition to interchange bill
Click to view larger image Click for larger view
WASHINGTON (7/16/08)--Several Capitol Hill newspapers this week are carrying advertisements voicing credit unions’ opposition to the Credit Card Fair Fee Act (H.R. 5546), which would give merchants an antitrust exemption to negotiate interchange fees. The Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU) logos appear in the advertisements. A vote on the bill is expected today in the House Judiciary Committee. CUNA, all members of the Electronic Payments Coalition and the U.S. Department of Justice are among opponents of the "fair fee" legislation. CUNA believes regulation of interchange fees would not only harm consumers but also would adversely affect competition and technology innovation.


RSS print
News Now LiveWire
With 523 shots beyond the arc @utahjazz and @MountainAmerica raise over $31k for @Huntsmancancer http://t.co/kyBqVrxjBu
14 hours ago
.@MazumaCU "We believe we owe our members a smile. That's going to be our goal every day." http://t.co/se7iSBcA63 #CUDifference
17 hours ago
.@GoBankingRates survey: #creditunions offer stronger interest rates, shutting out banks again! http://t.co/DvoQ50eI4s
18 hours ago
Prize-linked savings such as @SaveToWinMI noted by @FoxBusiness http://t.co/PF0TJANbLM
19 hours ago
My (Maine) kingdom for a 'Spokester'! http://t.co/1LQgrBvl91 #creditunion #newsnow #storytomorrow
19 hours ago