Hunt to Congress: Credit unions deliver meaningful impact

America’s Credit Unions Chief Advocacy Officer Carrie Hunt followed the hundreds of congressional meetings at the 2024 Governmental Affairs Conference with a message to Congress highlighting credit unions’ meaningful impact despite concerning proposals and misleading bank attacks.

“Our top advocacy priority is protecting the interchange system from bad proposals in Congress and the Federal Reserve,” she wrote. “Research shows the current interchange system works. Small businesses, consumers, and financial institutions rely on it to ensure secure payments, affordable financial products, and access to credit.”

Hunt added “limiting interchange fees is a proven failed policy: After the Durbin Amendment restricted debit interchange, only 1% of retailers passed these ‘savings’ on to consumers.”

She also noted—in advance of bank visits to Capitol Hill this week—that despite banks’ flawed and misleading arguments, credit unions:


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