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News
- League Supports 'Stop-and-Study' Legislation for Fed's Debit Interchange Proposal
March 6, 2024Rep. Blaine Luetkemeyer, R-Mo., introduced the Secure Payments Act (H.R. 7531), which would stop the finalization of the Federal Reserve’s proposed debit interchange proposal. Credit unions strongly oppose the Fed’s proposal, and the introduction comes as nearly 6,000 credit union advocates are in Washington, D.C., for the 2024 Governmental Affairs Conference. “We welcome the introduction of this legislation because we understand that credit unions will be negatively impacted should the Federal Reserve Board adopt the rule it has proposed. The fraud costs our credit unions are facing continue to mount and we must have fairness in the system,” said League Chief Advocacy Officer JT Blau.
- League Pleased That Lawmakers Appear Near on Deals to Fund the Federal Government
March 6, 2024The House is expected to pass a package of six spending bills to fund a major swath of the federal government and avoid a partial government shutdown this weekend. This will set the stage for final negotiations over the rest of the year’s budget after months of political wrangling. The Senate is expected to vote by the end of the week.
- CUs, League Meet with Federal Lawmakers on Day 1 of 'Hike The Hill' Visits
March 6, 2024Your League and member credit unions spent the day on Capitol Hill, meeting with Reps. Morgan Griffith (R-9), Jennifer Kiggans (R-2), and key staff members for Bobby Scott (D-3). Additional meetings with lawmakers are scheduled for tomorrow. "Although we are continuously engaged with federal lawmakers on our issues, meetings like those today offer member credit unions a unique opportunity to highlight the 'Credit Union Difference' for policymakers and hear lawmakers' perspectives on the issues facing our industry," said JT Blau, the League's chief advocacy officer.
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