CEO Tells Legislators To Use CUs As A Model

ALBANY, N.Y. - Susan Commanda, above, CEO of Hudson River Community Credit Union, told a joint hearing before the state legislature that there has never been a need by credit unions to engage in the kind of deceptive credit card practices exhibited by some issuers.

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Commanda told the Assembly Standing Committee on Consumer Affairs and Protection, the Assembly Standing Committee on Banks and the Senate Standing Committee on Consumer Protection that new state-level laws would only further confuse consumers, who would be better served with better enforcement of existing law.

Commanda urged legislators to tackle growing "miscellaneous fees" by using CUs as a potential model.


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