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Protect Your Credit Union from Government Intervention

Protect Your Credit Union from Government Intervention

456 signatures 44 to reach 500
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Started by Anonymous 15 years, 3 months ago
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.

Updates

Reached 250 supporters

April 20, 2011

April 19, 2011

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

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Dave Klein
15 years ago Featured

Total government overreach. Why do they have to stick their noses into everything? Just let the market work.

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Jennifer Palmer
15 years ago Featured

Ridiculous. My credit union is fine, fix the actual problems instead of creating new ones for us.

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Linda Kim
15 years ago Featured

So tired of these hidden costs. Keep your hands off my local bank.

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Mike Malhotra
15 years ago Featured

Stop messing with our credit unions. They actually treat us like people unlike the big greedy banks.

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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.

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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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