CUNA to Host Call on Interchange Alert (Misc News: June 1, 2010)
A national CUNA conference call (2 p.m., May 27) will encourage credit unions to act on the critical issue of interchange in the financial regulatory reform bill. The MCUL and CUNA will continue to push against interchange language and urge lawmakers to remove any provisions from a final bill.
"Credit unions must engage at the grassroots level right away. Our call will outline the actions credit unions must take to reach our goal of removing the interchange amendment from the financial reform legislation before it is enacted into law," said CUNA's President/CEO Dan Mica.
"We know this is short notice, but I urge all credit unions to dial into today's call. Next week's Memorial Day recess gives us an immediate opportunity to deliver our message to members of Congress while they are back home."
While the House-approved version of the Wall Street Reform and Consumer Protection Act (H.R. 4173) has no interchange provision, the Senate bill (S. 3217) does include an amendment affecting larger credit unions. Credit unions can still register for the CUNA call-in.