credit card issuing

• Improving Performance Making Cards an Attractive Investment

  By David Morrison  |  July 10, 2012

  TMG Financial Services reports growing interest in Collateralized Advance Program.

• CUNA Lending Council Advises for Card Issuing

  By David Morrison  |  June 28, 2012

  Says despite labor, compliance and risk, credit unions that sold portfolios should get back into the business of issuing, white paper says.

• TMG Financial Services Marks Five Years of Buying Card Portfolios

  By David Morrison  |  June 28, 2012

  Iowa CUSO says more than 60,000 accounts and $125 million in balances now on the books.

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  Economy Suggests It’s Time to Issue Credit Cards

  By David Morrison  |  April 9, 2012

  Somewhat counterintuitively, CU card industry experts say that two conflicting trends in the economy make 2012 a good year for a credit union that had foregone credit card issuing in the past to get back into the business.

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  CU Cards: BofA Makes a Hasty Exit

  By David Morrison  |  December 11, 2011

  Bank of America made official last week what many anticipated when a spokesperson acknowledged that it will no longer issue credit cards in agent relationships with credit unions and smaller banks.

• Lack of Cross Selling Opportunities Appears to Have Influenced BofA Decision

  By David Morrison  |  December 6, 2011

  The bank has stopped issuing credit cards with between roughly 40 and 50 credit unions.

• Bank of America Leaving Agent Card Issuing

  By David Morrison  |  December 5, 2011

  Credit unions which currently issue cards with Bank of America have also been told that their contracts will not be renewed after they expire.