Debit Routing Reg Will Slow, Not Stop, Trickle-Down Interchange Impact

By Jim Ghiglieri 

Last week, credit unions and their debit program partners were finally able to exhale, having held their collective breath for months in anticipation of the Fed’s final rules governing debit interchange and network routing. 

Not only were many in the industry relieved to see a more realistic interchange cap; they were also calmed by the Fed’s decision to enact the lesser of two evils where network routing was concerned. 

Compass Subscription

The ‘Now What’ of Debit Interchange: Three Ideas

By Aris Jerahian 

Predictions about the post-Durbin debit marketplace have been wide-ranging since even before the Federal Reserve Board announced its plans for an interchange cap.  

Conjecture has only increased since the Senate failed to pass a delay. With final rules expected this week, it seems everyone is speculating how card issuers, merchants, networks – and even cardholders themselves – will react once the final rules are put into place.  

Compass Subscription

An Experiment in Defining Risk

By Lisa Hochgraf

Try this. Really.

Take a quick walk down the hall outside your office and ask the first three people you meet to define what “risk” means for your credit union.

OK. Get up. Head out.

Compass Subscription

A Legacy of Bringing you the Best Brains in the Business

By Fred Johnson

Since I’ll be retiring one of these days, folks who know me well have asked what I hope to leave as my legacy. 

I hope that my 22 years at CUES have left the movement a better place with better prepared leaders.

When I was invited a few weeks ago to a meeting of credit union collaborators at the University of Virginia’s Darden School of Business, it struck me that I have seen many indicators that CUES has had a lasting impact on the movement through our ties with world class universities—including UVA—over the last 15 years.

Compass Subscription

A Dodd-Frank Surprise: New '$200 Rule' Will Apply July 21

By Lisa Hochgraf

My eyes were attracted to a recent article from BAI in part because it's written by compliance expert Carl Pry, who has written many good articles for us in the past, and also because it highlights a fast-approaching Dodd-Frank-related deposit availability change that needs to be implemented by front-line staff on July 21. July 21!? That's almost next week.

Compass Subscription