News

An asset and liability management consultancy argues that many credit unions risk giving up a unique and powerful niche in the overall credit card market if they rush to change from fixed rate credit cards to those with variable rates.

A new study from the Pew Charitable Trust has found that every one of the credit cards offered by the country's 12 largest credit card issuers are bad deals for consumers and have practices the Federal Reserve has defined as "unfair or deceptive."

Consumers opened up their wallets again last month for more big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

In yet another alleged scam involving certificates of deposit and credit unions, one more person has been arrested for supposedly defrauding three Pennsylvania cooperatives out of $2 million.

More evidence that credit unions are bucking the national trend of shrinking credit lines and diminishing use of credit cards.

To mark International Credit Union Day, the Georgia Credit Union Affiliates released results of a poll that showed the recession is causing Georgia consumers to spend far less than a year ago.