First Premier Bank, a credit card issuer that specializes in issuing credit cards for consumer with low credit scores or without credit scores, has sued to block regulations that it said would put it out of business.
First Premier Bank says Reg Z changes would put it out of business.
The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.
GreenPath offers card issuers no-charge access to its credit card counseling line.
A recent report from the Pew Health Group's Safe Credit Card Project has found that credit cards issued by credit unions remain the best deal for consumers and that, by and large, the Credit Card Accountability, Responsibility and Disclosure Act has accomplished the goals legislators intended.
The reality of the impact that the enactment of the CARD Act has had on credit unions that offer credit cards to university students has been a mixed bag.