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Small Issuer Concerns Remain Despite FTC Interchange Report


Concerns of credit unions and other small issuers of debit cards remain despite a newly released Federal Trade Commission (FTC) report claiming small issuers have been unharmed by new interchange laws. The FTC report was ordered by the U.S. Congress last year. The agency was charged with assessing the impact of the debit fee interchange cap set by the Dodd-Frank Act.

Posted By Sharon Bahr read more

Federal Reserve Board Seeks Debit Card Interchange Data

Federal Reserve Board Seeks Debit Card Interchange Data

The Federal Reserve Board is conducting a new data collection effort involving a random sample of 1,000 depository institutions that are exempt from the Board's interchange fee standards under Regulation E, Electronic Fund Transfers Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Posted By Halley Hayden read more

CUNA Regulatory Advocacy Report

CUNA Regulatory Advocacy Report

Here is the latest Regulatory Advocacy Report from the Credit Union National Association (CUNA). Due to CUNA’s Governmental Affairs Conference, the next report won’t be produced until March 30, 2012. If you have any questions regarding the Advocacy report, please contact MCUA Chief Advocacy Officer Peggy Nalls or MCUA Compliance & Advocacy VP John Thomas. The CUNA Regulatory Advocacy Report includes:

Posted By Halley Hayden read more
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