If credit unions have not been working closely with their credit card processors, they almost certainly will start now.
While the recently signed Credit Card Accountability, Responsibility and Disclosure Act of 2009 focuses heavily on the business practices of bank card issuers, it also covers credit unions. And much of the burden of helping credit unions comply with the new law will fall on their card processors.
"It has definitely been a very busy time, but we are moving forward to handle it," said Barbara Hunter, vice president of card services with Fidelity National Information Services.
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