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Posts Tagged ‘law’

New Fees to Consumers?

Friday, April 8th, 2011

Mike Parsons, President and CEO of First Source Federal Credit Union, talks about a crucial new bill passed by Congress that may threaten our ability to use debit cards without fees. Retailers lobbied to have the costs of using debit cards taken from them and passed on to financial institutions, who will have to pass them on to consumers. His call to action: contact Senators Chuck Schumer and Kirsten Gillibrand (U.S. Capitol switchboard 202-224-3121) to support Bill 575, which delays implementing the plan until the effects are studied properly.








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