Bank of America is cited by the OCC and CFPB for unfair billing practices on credit card accounts.
The OCC and CFPB nail Bank of America for billing credit card customers for identity theft protection that wasn't delivered.
Card Analysis Solutions management school set for Jan. 23-25 in New Orleans.
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.
Credit unions which currently issue cards with Bank of America have also been told that their contracts will not be renewed after they expire.
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.
A report from the Federal Reserve indicates more CUs issuing credit cards in affinity with colleges and universities
The $1.9 billion Michigan State University Federal Credit Union has joined the ranks of CUs that have picked up affinity card issuing relationships that were previously held by banks.
A $600 million credit union that has been with FIA Card Services ended an agent-issuing card relationship with that organization and is launching an agent-issuing program with Elan Financial Services.