For years, NAFCU has staunchly opposed Section 1075 of the Dodd-Frank Act that established an arbitrary debit interchange fee cap and new routing requirements for debit cards. Coined the ‘Durbin amendment’ after Senator Dick Durbin, D-Ill., who added the amendment to the bill, this harmful legislation has shown little consumer benefit since its origination.
The Federal Reserve released its latest Beige Book Wednesday which revealed that economic activity saw continued growth at a moderate pace since April. Of note, Fed contacts in three Districts specifically expressed concerns about an upcoming recession.
The May-June edition of The NAFCU Journal is available now and includes an exclusive feature on tackling appraisal bias, with insights from Fannie Mae Senior Vice President for Single-Family Collateral Risk Management Jake Williamson. This issue is full of content from leading industry experts and can be viewed anytime on the magazine’s virtual hub.
NAFCU’s Congressional Caucus Support credit unions at the industry’s most intimate advocacy event!
