CUNA, Leagues Urge Congress to Oppose Changes to the Interchange System

U.S. Senator Dick Durbin (D-Ill.) introduced interchange legislation for the 118th Congress today - the Credit Card Competition Act. CUNA, Leagues, and credit unions strongly oppose the legislation, and kept it from moving forward in the last Congress. We are still waiting on the Bill numbers for both the House and Senate 2023 versions. Watch for an action alert and more information coming soon.

As grocers are visiting Washington, D.C. this week, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to Congress Monday that Credit unions urge members of Congress to oppose any legislation affecting the security and efficiency of the interchange system.