Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
The CFPB proposes new disclosure requirements but stops short of mandating deposit insurance.
While card volume grew in March year-over-year, checks and prepaid card volume fell significantly during the same period.
Consumers in July kept their wallets and pockets open, even as a gasoline prices spiked, according to First Data Corp.
CardHub.com finds growth and cites drawbacks, including costs of choosing wrong card.
Last month, the U.S. Senate introduced an immigration reform bill that proposed a complete overhaul to the country’s immigration system. Although a vote is likely several months away, credit union leaders would do well to begin paying attewwwwntion now as passage of immigration reform will undoubtedly impact them.
Service will include what amounts to real-time verification of an item for deposit while enabling easy re-load of prepaid card.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Community bankers lobby says it's researching how to fight Wal-Mart/Amex prepaid card's move toward offering more banking services.
Credit unions that adopt the TMG product will sign contracts directly with TMG, who will be responsible for sales, implementation, support and invoicing.