Credit Unions Urge Congress to Stop, Study, Start Over on Interchange

Credit unions today urged Congress to halt the progress of the Federal Reserve’s interchange proposal and study the impact that interchange changes would have on financial institutions and consumers alike before the interchange rulemaking process can continue.

Free NWCUA Video Fulfills Vulnerable Adult Training Requirement

Credit unions operating in Washington state are required to train their member facing employees to recognize vulnerable adult abuse. Throught the NWCUA, receiving this training is just one click away.

Interchange Legislation Could be Introduced This Week

Credit unions are calling on Congress to stop, study and start over on planned interchange fee regulations, and legislation that would do just that could be introduced later this week.

Continued Attacks on Revenue Sources Pose Challenges for Credit Unions in 2011

As the Federal Reserve moves closer to implementation of the new interchange law, financial institutions across the country are concerned about how they will be affected by the possible loss of interchange fee income.

Industry Continues to Press for Change on New Regulations

With credit unions and banks aligned in their efforts to convince regulators and lawmakers to delay implementation of restrictions
on debit card interchange fees, the Federal Reserve Board has stated that any attempt to amend or delay the controversial rule is out of its hands and must start with Congress.

Consumer Financial Protection Around the World

The Filene Research Institute’s recent research titled “Consumer Financial Protection: U.S. Proposals and International Experience” describes the experiences of credit unions around the world that operate under similar consumer protection schemes that the U.S. has recently created.

Regulation Continues to Expand in Credit Union Land: The Dodd-Frank Act Brings a New Regulatory Regime

Dennis Dollar’s perspective on the latest regulations designed to protect consumers from another “too big to fail” financial industry debacle.

Regulators Close Spokane Credit Union

News began to emerge Friday that regulators were in Spokane to close $11 million The Union Credit Union, which slipped below an allowable net worth.

Heard and Overheard November 1, 2010

Voices of the credit union movement, in Washington and beyond.