CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Interchange, overdraft hearings scheduled this week
Policy & Issues

Interchange, overdraft hearings scheduled this week

May 2, 2022
Cap1

The Senate is in Washington, D.C. this week, and CUNA will be engaged with several committee hearings, including ones covering interchange and overdraft practices. The Senate is also expected to consider presidential nominees.

The Senate Judiciary Committee will conduct a hearing, “Excessive Swipe Fees and Barriers to Competition in the Credit and Debit Card Systems,” Wednesday, starting at 10 a.m. ET.

CUNA issued an action alert Friday calling on credit unions to share their experiences of members using payment cards and opposing any changes to interchange fees. More than 1,500 comments have been submitted as of Monday morning.

CUNA also submitted a letter to the committee Monday strongly opposing any expansion of the Durbin Amendment, which caps debit card interchange fees.

The Senate Banking, Housing, and Urban Development Committee will host a hearing titled “Examining Overdraft Fees and Their Effects on Working Families” Wednesday at 2:30 p.m.

CUNA engaged Congress in recent weeks on credit union overdraft policies, and a credit union president/CEO testified on his overdraft practices before a House Financial Services subcommittee in March.

Credit Union Magazine: Summer 2023

Summer 2023

Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
Digital Edition •  Subscribe

Trending

  • Debt ceiling deal has credit union implications

  • One week to nominate a 2023 Credit Union Rock Star

  • CUNA to host free webinar on FedNow service strategy June 13

Tweets by CUNA_News

Polls

Do you think ChatGPT will become useful for credit unions?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us