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.
