NEW YORK -- Herbert Sandler, an early backer of the Center For Responsible Lending, has been identified as a chief promoter of a mortgage products that critics charged helped bring about the current financial crisis.

SAN FRANCISCO -- In yet another sign of American's changing emphasis from spending to saving, a survey from Visa indicates that more American consumers are saving for possible emergencies than for any other reasons.

NAPLES, Fla -- A majority of participants in a online survey conducted by CardTrak.com said they saw their credit card interest rates rise in 2008 and many others have reported a variety of other changes in their cards.

NEW YORK -- The practice of credit card affinity market and agent issuing with colleges and universities has begun to come under scrutiny in the current economic crisis, according to a story in the New York Times.

CHICAGO -- The Illinois Attorney General has alleged that seven individuals working at a Wal-Mart in Crestwood Illinois have been involved in fraudulent card scheme involving stealing credit card numbers and then encoding them onto gift cards.

ARLINGTON, Va. -- Executives with card processors, CUSOs and card consultancies are generally upbeat about the prospects for CU card programs in 2009, despite the troubled economic picture.

ARLINGTON, Va. -- Nationwide, the payday lending industry generally remained on the defensive in 2008 as different states and localities moved to cap payday loan rates.

ARLINGTON, Va. -- Despite a slowing economy and possibility of increasing delinquency rates, some credit unions that previously sold their credit card