Credit unions join League in D.C. to oppose interchange legislation

Published by: Jared Weiser

July 25, 2023 | Government Affairs

Credit union advocacy strength is built by the willingness of Ohio credit unions to go above and beyond to advocate for 3.2 million members. This week, the League and members partnered with the Ohio Bankers League for a Micro Hill Hike to let the Ohio Congressional Delegation know how the Credit Card Competition Act (CCCA) of 2023 will decimate the current interchange system and decrease payment security. Passing the CCCA would empower retailers to bypass established secure payment networks and expose consumers to increased fraud.

Members met with legislators to highlight how this bill will not only fail to create savings but also will cost consumers more. Are you interested in helping us continue to fight interchange legislation? Join us Sept. 12-14 for the annual Hike the Hill in Washington, D.C. Ensuring the credit union story is heard is crucial to stopping this misguided legislation.

Contact Jared Weiser for questions or assistance.

Jared Weiser
Jared Weiser Director, Legislative Affairs E: jweiser@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Credit union data protection efforts shared with Congress

Financial fraud is everywhere; account takeovers, elder scams, counterfeit checks, and stolen credit cards are just a few examples. The U.S. Senate Committee on Banking, Housing, and Urban Affairs held […]
Regulatory

League joins brief to protect commercial lending

While your credit union tries to remain focused on members, services, and the problems already on your plate, the League looks to prevent any new issues from showing up. That […]
Member Benefits

League welcomes new marketing coordinator

This month, the Ohio Credit Union League welcomed Morgan Hoy, marketing coordinator, to the team. Morgan brings diverse marketing and communications experience. Most recently, she managed her own freelance marketing […]