Consumers will bear the cost of the big box interchange bill, League of Southeastern Credit Unions and Affiliates President Samantha Beeler wrote, calling it "Durbin 2.0 in sheep’s clothing," and making consumers and businesses more susceptible to fraud.

CUNA President/CEO Jim Nussle reinforced how the Big Box interchange bill would negatively impact consumers, as Sens. Dick Durbin, D-Ill., Roger Marshall, R-Kan., and Peter Welch, D-Vt. work to stop any legislation from moving forward in the Senate unless it contains their bill’s language.

CUNA and Leagues issued an action alert Thursday calling on credit unions to contact their senators to oppose attaching the big box interchange bill to a draft legislative package to fund the federal government past Sept. 30. Sen. Roger Marshall, R-Kan., has filed the text of the bill as an amendment.

Small business owners are at the center of new CUNA digital and banner ads, showing how the big box bailout bill changing interchange payment systems will hurt Main Street businesses and consumers. CUNA’s ads debuted this week and are targeted to visitors to Capitol Hill, among others.

KCT Credit Union’s card programs fund community service efforts

The Credit Union Association of New Mexico is concerned about the big box interchange bill on behalf of the people CUANM serves, President/CEO Melia Heimbuck wrote in The Albuquerque Journal, citing the CUNA/AACUL study showing the Durbin Amendment’s similar caps on debit card interchange fees.

Pending legislation threatens credit unions’ ability to give back to their communities.

Sharefax Credit Union CEO Todd Cain appeared on The Scott Sloan Show in Cincinnati, Ohio to discuss the negative impacts of the big box interchange bill, detailing how interchange fees pay for many other pro-consumer benefits.

Study reveals the negative impact of interchange legislation on consumers and businesses.

The big box interchange bill brings many cybersecurity concerns, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to Congress, adding interchange fees cover fraud detection, theft protection and card replacements, among other things for “pennies on the dollar."