Citing his newfound ties to the Federal Reserve System, the chairman of the New Hampshire Credit Union League said Friday the industry still has a chance to make a strong case to the Fed for a fair two-tier market system on interchange.
Even as the Fed begins final deliberations on its interchange rules prior to their July 21 implementation, Michael L'Ecuyer, president/CEO of the $350 million Bellwether Community CU in Manchester, said he is soliciting community banker support through his membership on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of Boston.
CUNA earlier this week asked CDIAC members across the country to join the effort in pressing the industry's point on district Fed presidents.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
