News

Credit unions and other credit card issuers will have tighter restrictions on their ability to raise interest rates and the requirements for sending out bills as a result of a bill approved by the House today in a 367-61 vote.

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

In another sign that the economy is still sluggish, housing starts fell 12.8% last month, to 458,000, the Commerce Department reported today.

For those credit unions on the fence about serving small businesses, PSCU Financial Services will develop a series of white papers on the potential advantages of capturing that market.

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.