Credit Unions Ask Fed to Freeze Debit Interchange Plan Until Courts Rule

America’s Credit Unions has called on the Federal Reserve to withdraw its 2023 proposed Regulation II changes to debit interchange until legal challenges have been resolved. The organization shared this and other credit union priorities in a letter submitted to the House Financial Services Committee ahead of Federal Reserve Chair Kevin Warsh ’s Tuesday (July 14) appearance before the committee in a hearing , according to a Tuesday press release . In its letter, America’s Credit Unions said that