Credit unions urge members of Congress to oppose any legislation affecting the security and efficiency of the interchange system, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote. Grocers are visiting Washington, D.C., this week and CUNA expects them to push for credit union-opposed interchange legislation.

The Senate passed the Fiscal Responsibility Act (H.R. 3746) late Thursday night, which extends the U.S. debt ceiling to Jan. 1, 2025. President Biden is expected to sign the measure shortly.

The CFPB will accept applications to its Credit Union Advisory Council and other advisory committees July 3 through 16. The CUAC advises the CFPB on regulating consumer financial products or services via the unique perspective of credit unions.

The designation aims to enhance understanding of how these credit unions serve communities in need.