A study from the Pew Health Group has found that the Credit CARD Act has virtually eliminated many of the major card issuer's practices that used to give credit unions a marketing advantage for their own cards.

The recession has hurt community development credit unions but has not knocked them out, according to a report from the National Federation of Community Development Credit Unions

NAFCU has told the House Financial Services Committee that it supports HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act.

Despite widespread credit union opposition to the bill, CUNA CEO Bill Cheney will be among the dignitaries on hand when President Obama signs the financial reform bill into law, CUNA confirmed.

NCUA Board Chairman Debbie Matz was among the officials on hand when President Barack Obama signed the financial regulatory overhaul legislation into law.

The Fair Isaac Corp. released a revamped edition of its debt collection software that the data company said will be easier and less expensive to deploy and use.

Edwin Williams, CEO of the Discovery Federal Credit Union offered cautious endorsement of a new law regulating Internet gambling payments when testifying before Congress today.

The $955 million Town North Bank reached the brink of undercapitalization when it sold its card processing business to Fifth Third Processing Solutions on July 6 for an undisclosed price.