The Huffington Post news and opinion website has posted a new column from CUNA CEO Bill Cheney on the costs to credit unions and consumers of the coming rules on debit card interchange. See below for a link to the full article. Here is an excerpt: “Some recent media reports have said small banks and [...]
June has been consumed by the fight over debit interchange, but another key credit union priority: raising the statutory cap on member business loans, may soon be elevated as well. They are two different issues, but do have something in common. The credit union grassroots outpouring that has accompanied the interchange battle is also expected to have [...]
What industry tops the Better Business Bureau’s list of consumer complaints? If you said banks (high fees, impersonal service, mega-mergers), good guess but no. It’s cell phones. But what industry had the biggest spike in complaints over the past year? If you said banks, now you’re right. Cell phones drew the most complaints last year, 37,477, [...]