Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Interchange: Next Steps Examined In CUNA 'Inside Exchange'
WASHINGTON (8/9/13)--Interchange, and the next steps for credit unions to expect as the result of a federal court ruling, is the subject of the latest episode of the Credit Union National Association's "Inside Exchange."

In this episode, CUNA General Counsel Eric Richard discusses with Paul Gentile, CUNA executive vice president of strategic communications and engagement, the court ruling striking down the Federal Reserve's rules on debit interchange, what that ruling means for credit unions--and what CUNA is doing about it.



CUNA has warned that the district court ruling will have "a potentially devastating impact on the ability of small debit card issuers, particularly credit unions, to continue offering this vital payments service to their members and customers."

CUNA currently is meeting with a broad coalition of finance industry representatives to chart a response strategy and approach to the court's decision, and is contacting Fed staff to detail the negative impact of the ruling on credit unions and other small card issuers as that agency considers an appeal.
RSS print
News Now LiveWire
56 MILLION cards hit by #HomeDepotBreach says http://t.co/SEsYHQfSV5. See #NewsNow how #creditunions are helping http://t.co/82S4RUVltp
6 minutes ago
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
15 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
16 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
17 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
18 hours ago