Payments/Credit/Debit

David Morrison is a senior staff reporter with Credit Union Times specializing in debit cards, among other topics.

Financial institutions issuing prepaid cards would have to disclose fees up front and give consumers wallet-sized summaries of fees, if a bill introduced by three senators is passed.

CUNA and NAFCU criticized proposed Federal Reserve rules that would increase disclosure requirements on credit protection products but had more mixed assessments of other parts of the plan.

The Federal Reserve's proposed rule on interchange fees won't help merchants enough and will still help big banks keep high profits at their expense, the Merchants Payment Coalition wrote Congress.

Even though the vast majority of credit unions never abused credit card holders the way many big bank issuers did,

A startup credit reporting firm is offering consumers a way to have their routine payments build up their credit scores while earning rewards.