The Credit Card Competition Act from Sens. Roger Marshall and Dick Durbin would limit the ability of credit unions to offer low- and no-annual-cost payment cards, Meritrust President/CEO James Nastars wrote in the Kansas City Star in response to an op-ed from Marshall about the bill. 

CUNA, all Leagues, the American Bankers Association, and all state banking associations wrote to Congressional leadership outlining strong opposition to the interchange bill introduced earlier this month by Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill.

CUNA wrote to Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, Thursday in strong opposition to a bill the two are expected to introduce that would allow merchants to route payments through an unaffiliated network.

Credit unions strongly oppose any expansion of the Durbin Amendment through antirust or any body of law, CUNA and other organizations wrote to Senate Judiciary Committee leadership Monday. The committee is scheduled to conduct a hearing on interchange this week.

CUNA joined other organizations Monday to express strong opposition to any expansion of the Durbin Amendment, saying support for any legislation on this topic would undermine the overall health and security of the U.S. payments ecosystem.