By Christian Mullins
Executive Summary:
The Credit Card Fair Fee Act (H.R. 5546), which would allow a three judge panel the ability to determine interchange fees, passed through the House Judiciary Committee by a 19-16 margin. Dan Mica of CUNA believes that the narrow margin of victory and a short legislative calendar means the legislation will likely be tabled until the next Congress convenes in 2009. CUNA has vehemently opposed HR 5546 since the bipartisan legislation was introduced several months ago.
International Summary:
- Nothing to report today.
Robbed:
- Nothing to report today.
They Fought The Law, And…
- Tyre Grigsby, 18, turned himself in for the Tuesday robbery of Tucson Federal Credit Union in Tucson, Arizona after family members recognized his photo on television. Arrangements were made to meet and arrest Grigsby at a relative’s home.
