News

The latest University of Michigan American Consumer Satisfaction Index shows commercial banks reaching a new high of 77 on a scale of 100, continuing a steady upward trend that started in 2000. Wachovia topped the list at 80, followed by JPMorgan Chase and Wells Fargo, each at 72.

CUNA's Regulatory Compliance School traveled to Albany, N.Y. last week.

NCUA has confirmed that it will be testifying during a March 27, House subcommittee hearing on subprime and predatory lending.

Credit unions still sitting on the fence about offering Health Savings Accounts because they think it may be too time consuming an effort should take notes from Affinity Federal Credit Union.

Taco Bell, a major fast food chain, has decided to test using MasterCard's contactless payment product in some of its stores, the No. 2 card brand said.

The "Optiva" branding controversy over credit union name selection turned out to be a prime topic for debate at CUNA's Marketing & Business Development Council conference here. (See related coverage on page 1-36).