Credit unions with card portfolios worth over $1 million saw their card charge offs at record levels in the first quarter of 2010, but their delinquencies dropped slightly according to NCUA data.

Does a payday loan alternative program have to be unprofitable to be good for members?

A coalition of public interest groups and think tanks generally regarded as conservative has come out with a statement urging Congress to reject the so-called Durbin Amendment that would regulate debit card interchange.

As Congress contemplates whether to pass a law regulating debit card interchange, a majority of economists and government officials attending a meeting on the subject agreed that there is no economic basis for the proposed regulatory change.

The Federal Reserve Board has published the latest card regulations that it was mandated to develop by the Credit Card Accountability Responsibility and Disclosure Act of 2009.

A new consumer survey from Visa Inc. has found that consumers oppose the most recent legislation to regulate debit card interchange when told the new rules might cost them more money.

Some credit unions are still making small value, short term loans that they say are not payday loans, but really they still are, according to a report developed by the National Consumer Law Center.

The currently $1.3 billion Greylock Federal Credit Union grew from being a $760 million credit union under the guidance of its former CEO, Angelo Stracuzzi, who resigned on June 11.