St. Petersburg, FL, July 15, 2010 – Following today’s Senate approval of the Finance Reform Bill, PSCU Financial Services’ Interim CEO Mike Yatros said he is extremely disappointed with the new debit interchange legislation and rules that will give merchants new control over usage of cards at the point of sale.
“We’re obviously upset with the final language of the bill and the potentially negative impact this legislation can have on consumers, credit unions and their members,” Yatros said.