SAN DIEGO — New credit card regulations will banish 150 to 200 basis points of revenue compared to today's average account, PSCU Financial Service's Tom Chandler and Chris Joy told Credit Union Times Best Practices Conference audience here.

To put in another way, for every $3,000 average balance, a credit union can expect to earn $46.81 after the new regs take effect, the men said.

The card vendors provided strategies to replace profits lost due to new restrictions on repricing and payment application, as well as new collateral material requirements. Adjustable rates, cash advance fees and assessing late fees sooner were among the suggestions.

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