Although gas retailers in the U.S. are saving $1 billion a year through the subsidy provided by the Dodd-Frank Act's interchange fee provision, they are not passing the savings on to consumers, according to a new study from the Electronic Payments Coalition.

The interchange amendment to the Dodd-Frank Act has seen interchange rates reduced by 70% for debit card payments for gasoline, said EPC, which is a coalition of banks, credit unions and card networks opposed to the interchange rules. Dodd-Frank capped what retailers pay to accept debit interchange beginning last October.  More

Although increasing member business lending authority for credit unions remains the top priority for CUNA and credit unions as members of the U.S. Congress return to Washington this week, CUNA Senior Vice President of Legislative Affairs Ryan Donovan said there is still plenty for credit unions to keep an eye on.  More

"We're in a relations business when we're in the law making business," Rep. Lynn Jenkins (R-Kan.) told the audience during a breakout session at the Credit Union National Association's (CUNA) 2012 Governmental Affairs Conference (GAC) in Washington Tuesday.

Jenkins and Rep. Ed Perlmutter (D-Colo.) addressed the importance of establishing relationships with state legislators during a panel discussion entitled "From the State House to Capitol Hill: The Critical Nature of State Advocacy."  More

Members of the Senate and the U.S. House both touted their support for member business lending legislation, but told attendees of CUNA's Governmental Affairs Conference that lawmakers will need credit unions' help to get the legislation passed.  More

Attendees of the CUNA 2012 Governmental Affairs Conference received their advocacy marching orders on Monday, with CUNA staff and a guest speaker briefing a packed conference hall on the latest legislative and political issues, and how best to convey the credit union point of view on these matters.  More

Washington will be packed this week, with credit union advocates taking their message to Washington legislators as part of the CUNA 2012 Governmental Affairs Conference, and business will proceed as usual on Capitol Hill, with both the U.S. House and Senate in session. More

There’s a new sheriff in town to wrangle up support for credit union access to supplemental capital.

The Coalition for Credit Union Access was formed specifically to push for the passage of H.R. 3993, The Capital Access for Small Business and Jobs Act, and will not likely take on other topics, according to a spokesperson.  More

U.S. Senate majority leader Harry Reid (D-Nev.) and Sen. Mark Udall (D-Colo.) both spoke in the Senate floor Thursday in favor of legislation to increase the credit union member business lending cap.  More

Within minutes of one another this morning on the floor of the U.S. Senate, Majority Leader Harry Reid (D-Nev.) and Sen. Mark Udall (D-Colo.) spoke in favor of legislation to increase the credit union member business lending cap.  More

A coalition of business groups have joined CUNA to urge Senate leaders Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.) to include the Small Business Lending Enhancement Act (S. 509) as part of the jobs legislation the Senate is expected to consider soon.  More