We are among 2.7 million Ohio credit union members asking you to support S. 575, which would delay a proposed federal rule regarding debit interchange fees, so the impact on consumers can be carefully studied.
This ruling was added at the last minute with little debate or discussion. It needs to be reviewed more thoroughly in order to fully understand the consequences of the actions intended.
If this interchange amendment ruling goes into effect without further review, it will severely reduce the interchange fee merchants currently pay to card issuers and the government will be directly involved in setting interchange, even though it is already a negotiated rate in the free market.
That will, undoubtedly, result in a shift of the costs of using debit cards to us, the credit union members, which could mean higher fees and restrictions on debit services at credit unions across Ohio.
We ask that Congress “Stop, Study and Start Over.” Please support S. 575!
This petition will be forwarded to U.S. Senators, Sherrod Brown and Rob Portman of Ohio.
The calls to the offices in Washington have been exhausting and progress feels agonizingly slow. I am still pushing forward because the impact of these fees on our accounts remains too high to ignore.
Reached 100 supporters
April 19, 2011
6 Comments
D
Dave Klein
15 years ago
Featured
Total government overreach. Why do they have to stick their noses into everything? Just let the market work.
J
Jennifer Palmer
15 years ago
Featured
Ridiculous. My credit union is fine, fix the actual problems instead of creating new ones for us.
L
Linda Kim
15 years ago
Featured
So tired of these hidden costs. Keep your hands off my local bank.
M
Mike Malhotra
15 years ago
Featured
Stop messing with our credit unions. They actually treat us like people unlike the big greedy banks.
R
Robert Mathis
15 years ago
Featured
Slow down and look at the math first. DONT just rush this through. We are the ones who pay the price in the end.
S
Sarah Phillips
15 years ago
Featured
I dont want higher fees just because DC decided to change things overnight. Leave my debit card alone.
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500 signatures.
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We are among 2.7 million Ohio credit union members asking you to support S. 575, which would delay a proposed federal rule regarding debit interchange fees, so the impact on consumers can be carefully studied.
This ruling was added at the last minute with little debate or discussion. It needs to be reviewed more thoroughly in order to fully understand the consequences of the actions intended.
If this interchange amendment ruling goes into effect without further review, it will severely reduce the interchange fee merchants currently pay to card issuers and the government will be directly involved in setting interchange, even though it is already a negotiated rate in the free market.
That will, undoubtedly, result in a shift of the costs of using debit cards to us, the credit union members, which could mean higher fees and restrictions on debit services at credit unions across Ohio.
We ask that Congress “Stop, Study and Start Over.” Please support S. 575!
This petition will be forwarded to U.S. Senators, Sherrod Brown and Rob Portman of Ohio.
The calls to the offices in Washington have been exhausting and progress feels agonizingly slow. I am still pushing forward because the impact of these fees on our accounts remains too high to ignore.
Reached 100 supporters
April 19, 2011
6 Comments
D
Dave Klein
15 years ago
Featured
Total government overreach. Why do they have to stick their noses into everything? Just let the market work.
J
Jennifer Palmer
15 years ago
Featured
Ridiculous. My credit union is fine, fix the actual problems instead of creating new ones for us.
L
Linda Kim
15 years ago
Featured
So tired of these hidden costs. Keep your hands off my local bank.
M
Mike Malhotra
15 years ago
Featured
Stop messing with our credit unions. They actually treat us like people unlike the big greedy banks.
R
Robert Mathis
15 years ago
Featured
Slow down and look at the math first. DONT just rush this through. We are the ones who pay the price in the end.
S
Sarah Phillips
15 years ago
Featured
I dont want higher fees just because DC decided to change things overnight. Leave my debit card alone.
Help this petition grow
Share it with friends to help reach
500 signatures.
Sign Petition
We never post to your account. Social sign-in is used only to verify your signature.
or sign with Email
Add a comment?
Your signature will be added via . Tell others why you're signing — it's optional.
Signing with Google or Facebook verifies your signature instantly — no email needed.
Total government overreach. Why do they have to stick their noses into everything? Just let the market work.