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CUNA to participate in Treasury Hill interchange briefings
WASHINGTON (7/13/09)--Though potential legislation aimed at addressing interchange fees was not added to a recent Senate appropriations bill, the Credit Union National Association continues to monitor the interchange issue and is scheduled to discuss interchange with U.S. Treasury officials this week. CUNA will join other members of the Electronic Payments Coalition in a meeting with Treasury Secretary for Financial Institutions Michael Barr. During the meeting, CUNA will advocate for the interests of credit unions regarding interchange. CUNA will hold additional interchange fee discussions with so-called “Blue Dog” conservative Democrats later this month. Both House and Senate members have looked to address interchange fees through legislation in recent months, but CUNA has recommended that legislators wait for the results of a Government Accountability Office review of interchange fees before they act.


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