CUNA continues relief push after Durbin repeal out of CHOICE

first_img 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA President/CEO Jim Nussle said he is disappointed with the removal of Durbin amendment repeal language from the Financial CHOICE Act, but pledged that CUNA, the leagues, and credit unions will continue the offensive in the push for regulatory relief. House Republicans decided to remove the Durbin repeal language from the bill prior to its consideration on the House floor, which could be in early June.“While we are disappointed that the Durbin repeal language was removed, it is important to keep in mind that there are a number of provisions in the CHOICE Act that would provide relief to credit unions, and that is the ultimate goal of our Campaign for Common-Sense Regulation,” Nussle said. “While the CHOICE Act did not represent the right opportunity to address our concerns with the Durbin language, we will continue to urge Congress to consider whether government-imposed price controls on the payments system—or any transaction, including retail transactions—are appropriate.“We look forward to the House considering the CHOICE Act and to future Senate consideration of legislation that would provide meaningful regulatory relief for credit unions,” Nussle added.The Durbin amendment requires the Federal Reserve to limit fees charged to retailers for debit card processing. continue reading »last_img read more

Upcoming webinar focused on safety amid civil unrest

first_img continue reading » CUNA announced a new membership benefit webinar today, Site Security Amid Civil Unrest, to be held on June 30. This one-hour webinar, will be led by security risk experts who will cover ways that credit union leaders can strengthen safety processes and train their staff to respond to a variety of circumstances that may result from the current climate.Session content also includes examples of recent credit union insurance claims.“As communities across the country face civil unrest, many credit union leaders are concerned about the safety of both staff and members,” said Kathy Smith, instructional design manager at CUNA. “This webinar provides timely information on how to prepare for potential facility security issues and mitigate risks.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more