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NAFCU Offers Guide to Credit Card Regulations

By Claude R. Marx

Credit unions that want additional information on relevant sections of the Federal Reserve's proposed rules for implementing additional provisions of the Credit CARD Act can access a breakdown of provisions of the rules at NAFCU's Compliance Blog.

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CUNA Distributes Material for Grassroots Effort on Interchange

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TNB Launches Card Marketing Web Site

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Payments/Credit/Debit Stories

September 30, 2009

House Panel to Hear Testimony on Credit Card Measures

A bill that would move up the implementation date of the measure to overhaul credit card rules and another that would place limits on interchange fees will be the subject of a House Financial Services Committee hearing next Thursday.

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September 30, 2009

Visa: 7-Eleven Interchange Petition 'Disingenuous'

Visa Inc. has joined MasterCard Worldwide to attack some of the claims that the 7-Eleven convenience chain is making about its recently delivered petition on card interchange.

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September 30, 2009

Issue of Card Interchange Cuts Many Ways

Retailers and card issuers are frequently lined up across from each other along the issue of credit and debit card interchange. But the issue still sometimes makes strange allies.

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September 29, 2009

ATM/Overdraft Fees Still High, Says Bankrate

ATM and overdraft fees by banks and thrifts continue to climb notwithstanding legislation in the Congress to lower them, Bankrate Inc. the Florida-based finance and newsletter firm, reported.

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September 28, 2009

MasterCard Survey Seeks to Undercut 7-Eleven Interchange Petition

MasterCard Worldwide has released the results of a survey that is meant to undercut the impact of a petition on card interchange that the 7-Eleven convenience store chain plans to deliver tomorrow.

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September 28, 2009

TNB May Return to Buying Card Portfolios in the Future, New CEO Says

Steve McDonald, the new CEO of credit union owned Town North Bank, said that while the bank has no immediate plans to rejoin the market for credit union card portfolios he would not rule it out for the future.

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September 28, 2009

Fed Issues Proposed Rules to Implement Credit Card Measure

The Federal Reserve today approved proposed rules to end credit card issuers' ability to apply payments to the lowest interest balances first.

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