We are among 2.7 million Ohio credit union members asking you to support S. 575, which would delay a proposed federal rule regarding debit interchange fees, so the impact on consumers can be carefully studied. This ruling was added at the last minute with little debate or discussion. It needs to be reviewed more thoroughly in order to fully understand the consequences of the actions intended. If this interchange amendment ruling goes into effect without further review, it will severely reduce the interchange fee merchants currently pay to card issuers and the government will be directly involved in setting interchange, even though it is already a negotiated rate in the free market. That will, undoubtedly, result in a shift of the costs of using debit cards to us, the credit union members, which could mean higher fees and restrictions on debit services at credit unions across Ohio. We ask that Congress “Stop, Study and Start Over.” Please support S. 575! This petition will be forwarded to U.S. Senators, Sherrod Brown and Rob Portman of Ohio.

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