Underscoring the evident cooperation among financial trades over the Durbin interchange amendment, the Iowa Credit Union League and its counterpart the Iowa Bankers Association, are running a joint op-ed this weekend in the Des Moines Register touting the consumer fallout should Congress enact the reg reform provision.
"As you know, we're often at loggerheads but not on this issue," explained Justin Hupfer, vice president of government relations for the Iowa League in detailing discussions between the two groups leading up to placing the op-ed in the state's largest newspaper for its Friday or Saturday editions.
A spokesman for the American Bankers Association in Washington said it knew of no other such joint bank/CU letter pact but stressed the ABA, along with CUNA, NAFCU and the Independent Community Bankers of America are members of the Electronic Payments Coalition, chief financial lobbyist in the interchange battle slated to reach a House-Senate conference perhaps next week.
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