FOR IMMEDIATE RELEASE
Contact: Vicki Christner – CUNA Communications; 202-329-9950; firstname.lastname@example.org
Washington, D.C. (December 22, 2016) –CUNA filed an amicus brief with the high court in a case that challenges a New York law prohibiting merchants from imposing a surcharge for using a payment card, but does not prohibit cash discounts.
This is CUNA’s most recent move to protect consumers and credit unions from a merchants’ surcharge. It follows action by CUNA on a state level in California, Texas and Florida and by the New York Credit Union Association in that state.
“CUNA is resolute in our work to inform the judicial system about this issue,” said CUNA President/CEO Jim Nussle. “It is a push for a fee by merchants in an attempt to shift their costs of using electronic payments to consumers and financial institutions, while continuing to allow merchants to receive the benefits of participating in the system.”
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by more than 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit www.cuna.org or follow @CUNA on Twitter.