NCUA Passes Interim Final Rule Confirming Preemption of IFPA
The NCUA has officially published its interim final rule on interchange, declaring that the Federal Credit Union Act, which grants credit unions the right to charge fees, preempts the Illinois Interchange Fee Prohibition Act, Emily Claus reports.
New Ruling Issued on Illinois Interchange Prohibition Act
A new win in the longstanding battle agains the Illinois Interchange Fee Prohibition Act, a judge for the U.S. District Court for the Northern District of Illinois has ruled that federal law preempts the IFPA, Emily Claus reports.
The Times They Are Interchangin’
Interchange income is a big part of credit union revenue, and U.S. Senators have it in their crosshairs. CUSO Magazine’s Esteban Camargo continues his financial education series with an explanation of interchange and the legislation proposed to change how it works.
Interchange Fee Lawsuit Reaches Settlement
A twenty-year lawsuit between Visa, Mastercard, and US merchants on interchange fees has finally reached a settlement, Emily Claus reports.
Topics Credit Unions Should Keep an Eye On in the New Year
With the first week of the new year under our belts, Emily Claus covers some of the industry shifts and potential changes coming in the next few months that credit unions should have an eye on.
America’s Credit Unions Sets 2025 Advocacy Priorities
In the first week of the new year, America’s Credit Unions has released its official advocacy priorities for 2025, just two months ahead of the Governmental Affairs Conference, reports Emily Claus.
This Week In DC: NCUA Board Meetings, Congressional Hearings, and Interchange
As Congress resumes post-election, DC is going to be packed with end-of-year hearings and decisions. Emily Claus covers this week’s schedule and what big events credit unions should be tuning in to.
America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act
Last week, America’s Credit Unions submitted a letter regarding the National Defense Authorization Act, asking committee members to oppose amendments to key credit union issues, Emily Claus reports.
