Credit unions talk interchange proposal, liquidity with Fed vice chair

Credit unions met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss a range of policy priorities to help credit unions increase service to members and communities. America’s Credit Unions President/CEO Jim Nussle, members of its advocacy team, Leagues, and credit unions discussed the Fed’s debit card interchange cap proposal, liquidity,  the fraud epidemic, and more.

“We thank Vice Chair Jefferson for his time and attention listening to credit union policy priorities,” Nussle said. “In addition to going over detailed concerns with the Fed’s debit card interchange proposal, we highlighted the many ways credit unions work to increase financial well-being for all Americans, and the latest examples of why credit unions are an essential part of the financial services marketplace.”

Nussle and Jefferson were joined by America’s Credit Unions’ Madison Rose, as well as:

  • John Bratsakis, President/CEO of the MD|DC Credit Union Association;
  • Nicola Foggie, chief regulatory officer of the CrossState Credit Union Association;


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