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America's Credit Unions Presses Fed On Interchange, Payments And Check Fraud Ahead of ...
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Fusion42 · 14 July 2026 · Fusion42 review
America's Credit Unions lobby the Federal Reserve to halt proposed Regulation II changes to debit interchange pending litigation resolution, tighten supervisory requirements for non-bank financial services entities seeking Master Accounts, and modernise check-hold rules to combat fraud. The letter precedes Chair Kevin Warsh's House testimony.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
The Fed is about to make a decision on debit interchange fees that will reshape what card payments cost you. If you're building payments, treasury, or embedded finance for SMEs, the outcome determines your unit economics for the next five years - the hearing is this week.
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1 source · 14 Jul 2026
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