Local CEO Quoted in New York Times on Interchange (Misc News: March 9, 2011)
John Buckley, president/CEO of Gerber FCU in Fremont, spoke before the U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit last week.
The fight over the interchange debit rule is garnering national attention and a Michigan credit union leader is at the center of it.
John Buckley Jr., president/CEO of Gerber FCU in Fremont, was quoted in a front-page story in The New York Times about the interchange battle. Click here to read the story. Buckley testified before the U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit.
“I am appalled that our members will shoulder tremendous financial burden and still be on the hook for fraud loss while large retailers receive a giant windfall at the hands of the government,” Buckley, told a House of Representatives subcommittee last week.
Buckley was quoted in The Wall Street Journal last week. Click here to read the Journal story.