Payments/Credit/Debit

A new report from the Filene Research Institute has brought academic research to what has been mostly anecdotal reports: Consumers are opting to pay their credit card bills instead of their mortgages first.

The National Consumer Law Center, a longtime opponent of some credit union payday loan alternative programs, has recommended qualities a credit card that is "safe" for consumers would have--and that many credit union issued cards have already.

This year, 57% of all people plan to spend as much or more than they did last year at the holidays -compared with 54% last year-- according to a survey released today by CUNA and the Consumer Federation of America.

NAFCU has written a letter to the Federal Reserve expressing concerns that the debit interchange cap that the Fed is currently writing may wind up impacting credit unions as well as large banks.

Although retail industry analysts have been generally looking for increased shopping activity this holiday season, a survey from Consumer Reports predicts less activity for the day after Thanksgiving.

TMG Financial Services, the card portfolio purchasing and agent issuing subsidiary of The Members Group, will start an agent issued card portfolio for the Desjardins Bank of Florida.