Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Concerns That The $10 Billion Exemption Won't Help Credit Unions

Friday, December 24, 2010 - 6:45 AM
From the Credit Union National Association article:
While well intentioned, the Federal Reserve's proposed $10 billion in assets threshold for interchange rule exemptions could create "an unlevel playing field" for credit unions and other small issuers "by making their cards more expensive for merchants to accept," Reps. Spencer Bachus (R-Ala.) and Jeb Hensarling (R-Texas) said in a recent letter to the Federal Reserve.

To learn more about the Fed's proposed interchange rule, please refer to my blog post, Fed Proposes Large Cuts in Debit Card Interchange Fees
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708