News

ST. PAUL, Minn. - Minnesota Attorney General Mike Hatch has taken credit card issuer Capital One to court alleging deceptive credit card marketing and management practices. The card issuer has become widely known, and had a good deal of success, with a series of television ads which depict marauding barbarians...

SAGINAW, Mich. - The $255 million Team One Credit Union's credit card portfolio had surpassed $20 million in receivables, the credit announced, an increase of almost 100% in two years. In December 2002, the credit union's card portfolio had $11.8 million in receivables and has passed $20 million in December...

SAN FRANCISCO - Visa USA, the number one card brand, has weighed in with its response to the earthquake and tsunamis that have ravaged Southeast Asia. The United Nations believes 155,000 people in 12 nations died in the wave flooding. Visa announced that it will donate $1 million to the...

PORTLAND, Ore. - Advocates of credit unions issuing credit cards will frequently point out that credit cards can be key to strengthening the credit union's relationship with its members and to cross selling other products. But while that may be true, it's also true that credit cards can remain among...

TALLAHASSEE, Fla. - The $4.5 billion Suncoast Schools FCU has reached an ATM milestone, running over one million ATM transactions per month through the Credit Union 24 EFT network, the network has announced. Executives with the CU and Credit Union 24 were careful to praise each other's efforts in reaching...

ST PETERSBURG, Fla. - NCUA Board Chair JoAnn Johnson will keynote the upcoming annual 2005 Member Forum and Annual Meeting of PSCU Financial Services, the card processing cooperative for more than 500 member credit unions. PSCU will hold the meeting at the Gaylord Palms Resort and Convention Center in Kissimmee...

WASHINGTON - The American Banker's Association has reported that credit card delinquencies remained relatively flat in the third quarter of 2004 even as delinquency on other sorts of loans such as autos increased. "The results are mixed," said James Chessen, ABA's chief economist. "The slight improvement in credit card delinquencies...

RIVERWOODS, Illinois and HOUSTON - The 4,100 member financial institutions in the PULSE EFT Association, about 1,000 of whom are credit unions, have approved overwhelmingly the proposition that they will become the first financial institution partners with Discover Financial Services. Cindy Ballard, executive vice president with PULSE could not say...