Beginning on January 1 of next year, members of the Consumer Financial Services Association, the trade association that claims membership from 60% of payday lenders across the country, will start posting their loan fees on large posters in their lobbies, the association has announced.

With consumer interest in gift cards continuing to heat up, retailers want consumers to know that the cards they can buy and give from retail stores are often a better deal than those issued by banks and credit unions.

With consumer interest in gift cards continuing to heat up, retailers want consumers to know that the cards they can buy and give from retail stores are often a better deal than those issued by banks and credit unions.

Although NCUA's rules and disclosure regulations governing the process of converting from a credit union to bank charter draw the most attention, they are hardly the only regulatory hurdles many CUs considering making the change face, according to a leading consultant in the process.

Documents have come to light that substantiate a former executive's account of the situation with Lafayette Federal Credit Union's Bank Secrecy Act compliance at the time the CU was trying to convert to a mutual bank charter.

The organization that developed and updated the so-called card data security standards for the credit and debit card industries will now have a credit union voice--PSCU Financial Services. PSCU is the payment processing CUSO with over 500 credit union owners who use the First Data Corp. card platform.

The Community Financial Services Association, the trade association that says it represents 60% of the payday lending industry, will unveil a new policy that will require its members to disclose more of their fees before the small value loans are made.

Five more credit unions have sold their credit card portfolios to TNB Card Services, the card processing and portfolio management arm of credit union owned Town North Bank. The recent purchase brings the total number of card portfolios that TNB has purchased to 140, the bank CUSO said.