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CUNA CUs continue interchange push
WASHINGTON (6/1/10)—The Credit Union National Association (CUNA) continues its push to have interchange fee legislation removed. The interchange amendment was included in the Senate version of the regulatory reform package, S. 3217, the Restoring American Financial Stability Act (RAFSA), which passed the Senate earlier this month by a 59-39 vote. However, the House version of regulatory reform, which was passed late last year, does not address interchange fees. CUNA, associated credit union leagues, and credit union employees and members are all working over the Memorial Day recess, which lasts until June 7, to spread their anti-interchange-legislation message throughout various congressional district meetings. A toll free action line created by CUNA is available for credit unions and their members to use to call their legislators' offices. That line can be reached by calling 877-223-5275. CUNA and credit union leagues have also provided other means of contact for credit union backers at http://capwiz.com/cuna/home/(Use the resource link). CUNA and the leagues' efforts, as well as outreach by individual credit union members, have resulted in 60,000 individual contacts with legislators as of Friday. More direct action will follow next week, with CUNA and the leagues backing a nationwide fly-in and another round of CUNA's National Hike the Hill on June 8, 9 and 10.
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