interchange

America’s Credit Unions to Congress: Interchange works for small business

America’s Credit Unions’ Jason Stverak and Greg Mesack Thursday sent a message to Congress to push back against the Big Box Bailout bill and explain why interchange works for consumers, financial institutions, and small businesses.  The message highlights small business owners and credit union members Cindy Carver of Rapid City, S.D., and Cherella Lee of …

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New research shows 6 negative consequences of Big Box Bailout bill

New interchange research shows legislative efforts to disrupt the “safe, secure and well-functioning credit card system” with the Big Box Bailout bill would hurt people that bill sponsors claim it would benefit, America’s Credit Unions wrote to members of Congress Wednesday. “If Congress passes this flawed interchange bill, there are six distinct consequences to American …

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Credit unions talk interchange proposal, liquidity with Fed vice chair

Credit unions met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss a range of policy priorities to help credit unions increase service to members and communities. America’s Credit Unions President/CEO Jim Nussle, members of its advocacy team, Leagues, and credit unions discussed the Fed’s debit card interchange cap proposal, liquidity,  the fraud epidemic, …

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Nussle to Congress: Big Box Bailout would hurt small businesses

Small business owners share their concerns with the big box bailout bill in a new video message sent to Congress Wednesday from America’s Credit Unions. President/CEO Jim Nussle re-emphasized the ongoing credit union opposition to interchange legislation (S. 1838/H.R. 3881).  He urged lawmakers to watch the videos and hear directly from the business owners, financial …

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Fed extends interchange proposal comment deadline to May 12

The Federal Reserve extended the comment deadline on its interchange proposal to May 12, an additional 90 days past the original Feb. 12 deadline. CUNA and NAFCU — prior to the formation of America’s Credit Unions — requested the Fed extend the deadline to give stakeholders adequate time to analyze the data underlying the proposal …

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Reminder: Complete debit card interchange survey by Jan. 12

America’s Credit Unions is calling on credit unions to complete a survey on the Federal Reserve’s interchange proposal before the survey closes Friday. Unique survey links were sent to members Dec. 19 with the subject line, “Make your voice heard.” The Federal Reserve issued the proposal in November that would make several changes to the …

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America’s Credit Unions reignites fight against big box bailout bill

America’s Credit Unions—as part of a coalition representing nearly 10,000 financial institutions in all 50 states—launched a new campaign to highlight united opposition against big box bailout interchange legislation.  The Electronic Payments Coalition campaign uses digital displays and video ads to focus on the negative impact this legislation would have on credit unions and community …

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