PSECU - Know More: Legislative News

Legislative News

Fed Not Ready To Issue Rule

The deadline for the Federal Reserve to issue a final rule for the Durbin Interchange Fee Amendment as set by the Dodd-Frank Wall Street Reform and Consumer Protection Act was scheduled to be April 21, 2011.

Governmental Affairs Conference 2011

In March 2011, members of the PSECU Board as well as staff attended the Credit Union National Association (CUNA) Governmental Affairs Conference.

Bills Introduced to Delay Interchange Fee Rule

Last week, bills were introduced in both the House and Senate to delay implementation of the Federal Reserve Board's debit interchange fee rule.

Election Day Results

Election Day has come and gone and, as expected, there will be big changes in the upcoming session of Congress.

Election Day Fast Approaching

Last Wednesday, the President signed the Wall Street Reform and Consumer Protection Act into law.

Regulatory Reform Bill Signed into Law

Last Wednesday, the President signed the Wall Street Reform and Consumer Protection Act into law.

House Names Conferees For Financial Regulatory Reform Bill

Last week House leaders named their representatives to the committee that will negotiate the differences between the House and Senate versions of the financial services regulatory reform bill.

Interchange Fee Effort Moves To The States

With little success at the federal level, merchant groups have expanded their efforts to pass interchange fee legislation to the states.

Illinois Senator Introduces Interchange Fee Amendments To Financial Regulatory Reform Bill

During debate of S. 3217 - Restoring American Financial Stability Act of 2010, the comprehensive regulatory reform bill, Senator Richard Durbin (D-IL) introduced two amendments making changes to the payment card system.

Governmental Affairs Conference 2010

As a credit union, PSECU is member-owned. Part of our mission is to promote policies that are beneficial to the business of the credit union and our member-owners. That includes visiting our elected officials to discuss current and potential legislation.