America’s Credit Unions Senior Vice President of Advocacy Greg Mesack met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss the Fed’s debit card interchange proposal. America’s Credit Unions strongly opposes the proposal, and has pushed back on it with a multipronged approach that includes meetings with both staff and Board members at the …
Resolutions to nullify the CFPB’s credit card late fees rule via the Congressional Review Act (CRA) were introduced in the Senate by Sen. Tim Scott, R-S.C., and Rep. Andy Barr, R-Ky., Monday. America’s Credit Unions supports the resolutions as it strongly opposes the rule from the CFPB, which caps credit card late fees at $8. …
Legislators unveiled draft national data privacy legislation Sunday, and America’s Credit Unions is currently analyzing the complete text of the discussion draft. The American Privacy Rights Act was unveiled by House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash., and Senate Commerce Committee Chair Maria Cantwell, D-Wash. Credit unions support the enactment of a …
