Nat'l Interchange Teleconference Posted by AVCU on 9:52 AM

CUNA has announced a free national teleconference to provide credit unions the latest developments on the interchange issue along with guidance on how to mobilize members. The event takes place on Wednesday, April 13 at 3pm ET for about 30 minutes.

By July 21 the Federal Reserve is required to release a final rule that could cap interchange fees at as low as seven cents per transaction. CUNA has said the rule will force up debit card costs for consumers and has urged Congress to delay implementation and study the surrounding issues. Last week CUNA unveiled a "Call on Congress" campaign aimed at CU members, including a toll-free number, (877) 422-3525, to help credit union members urge their congressional representatives to save free checking accounts at credit unions.  Interchange delay measures have been introduced in the House and Senate. The House interchange delay legislation had 71 co-sponsors as of Friday. Sen. Jon Tester (D-Mont.), who, along with Sen. Bob Corker (R-Tenn.), introduced interchange delay legislation in the Senate, has reportedly said that he believes he can reach the 60 votes needed for Senate passage of that bill. The Senate bill had 17 co-sponsors on Friday.

Read more details and register for this event.