WASHINGTON (5/5/09)—When the Senate completes consideration of S. 896, the Helping Families Save Their Homes Act, that body is expected to proceed to consideration of S. 414, the Credit Card Accountability, Responsibility and Disclosure Act (CARD Act), according to the Credit Union National Association (CUNA). Ryan Donovan, CUNA vice president of legislative affairs, noted Monday that CUNA will be closely monitoring the credit card bill’s progress for a number of reasons. First, he said, is CUNA’s concern that there is a balance to the bill that avoids unintended consequences that ultimately would be adverse to consumers, including making credit more expensive and less available for consumers. CUNA generally supported a version of the bill approved in April by the House Financial Services Committee because it closely mirrored new regulations credit unions will have to follow beginning July 2010. Donovan said CUNA could have concerns with any legislation that goes further than the new rules. “Additionally, we are concerned that amendments related to the regulation of interchange fees and imposing a national usury ceiling may be offered as the bill is being considered,” Donovan said. “We strongly oppose all amendments related to the regulation of interchange fees; and we also oppose the usury ceiling legislation that could be offered as an amendment,” Donovan said.