A panel of federal judges will meet on May 27 in Louisville, Kentucky, to hear oral arguments on whether lawsuits brought by financial institutions, consumers and investors against Heartland should be rolled into class action cases.

Elan Financial Services may have purchased CU credit card portfolios from TNB Card Services, but it may have a ways to go to win over those credit unions.

Credit unions can now invest in two-year certificates of deposit in the National Credit Union Foundation's Community Investment Fund with all principal and quarterly fixed-rate dividend payments throughout the entire term guaranteed by the NCUA.

A federal district court judge in Maine has dismissed almost all the legal complaints of consumers who had their credit and debit card data compromised in the data security breach at Hannaford supermarkets.

Credit unions now have another option to provide members surcharge-free ATM access.

The ongoing recession pulled down another firm last week when TNB Card Services announced the sale of its $300 million portfolio

The economic downturn appears to have spurred the growth of shared branching this year, according to one major shared branching network.

Ondine Irving, a long-time consultant on CU credit and debit card programs, has become an evangelist for cutting costs out of CU card programs.