The Hispanic community will “suffer a significant burden,” if Congress and regulators don’t study the unintended consequences of the Durbin amendment to regulate debit interchange fees, Hispanic Chamber of Commerce President/CEO Javier Palomarez conveyed to Senate leaders.

The Hispanic community will “suffer a significant burden,” if Congress and regulators don’t study the unintended consequences of the Durbin amendment to regulate debit interchange fees, Hispanic Chamber of Commerce President/CEO Javier Palomarez conveyed to Senate leaders.

Calling the original measure the “Payday Lender Empowerment Act,” The Wall Street Journal today urged senators to repeal a provision of the financial overhaul bill giving the Fed the power to regulate and cap debit interchange fees.

Calling the original measure the “Payday Lender Empowerment Act,” The Wall Street Journal today urged senators to repeal a provision of the financial overhaul bill giving the Fed the power to regulate and cap debit interchange fees.

ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test interest rate shocks.

Now comes the hard part.Former New York Governor Mario Cuomo famously said that you campaign in poetry and govern in prose.

On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions tax-exempt status and raising the cap on member business lending, the industries interests diverge.

Overturning a proposed debit interchange cap on legal grounds may set a precedent against exempting credit unions from future regulations that affect large banks and other financial institutions.