NAFCU Vice President of Legislative Affairs Brad Thaler sent members a message Friday urging action to educate lawmakers about the negative impacts that changes to interchange laws could have on consumers and credit unions. The call to action comes as Senator Dick Durbin, D-Ill., is expected to reintroduce the Credit Card Competition Act (CCCA) in the coming weeks. Last Congress, Sens. Durbin and Roger Marshall, R-Kan., introduced the legislation – which seeks to regulate credit card interchange rates by requiring multiple routing networks for credit transactions, granting merchants the option to choose cheaper, untested networks. A House version of the bill was also introduced last year.
NAFCU President and CEO Dan Berger, along with PSCU President and CEO Chuck Fagan and Suncoast Credit Union Senior Vice President of Digital Strategy Jana Manley, will participate in a virtual roundtable hosted by PYMNTS CEO Karen Webster today to discuss credit union innovation in a constantly evolving financial marketplace.
In the February edition of the Credit Union Times magazine, NAFCU President and CEO Dan Berger pens an op-ed on the association’s 2023 advocacy priorities aimed at strengthening the credit union industry and ensuring it can effectively meet the current and future needs of its 134 million members.
June 27 – 30, 2023 The first 50 credit unions will get $400.00 off on new registrations using code FIRST50. Hurry—limited spots remain! You’ll explore AI and technology trends, the economy, the future of payments and more. Plus, you and your guests will love the Southern California tours.
January marked 12 consecutive months of declining existing home sales as sales fell 0.7 percent during the month to a seasonally adjusted annual rate of 4 million units, representing a 38.4 percent decrease compared to a year ago. NAFCU Chief Economist and Vice President of Research Curt Long noted this data “foil[s] hopes of a mild rebound.”
