Payments/Credit/Debit

TMG Financial Services believes a growing number of credit unions are looking to sell their credit card portfolios and wants other credit unions to help them do it.

Albert Gonzalez, the accused master hacker behind many of the largest computer card security breaches since 2007 will plead guilty to hacking charges in New York and Massachusetts, according a to a declaration filed on August 28.

The 28-year-old hacker who prosecutors have alleged was behind many of the largest card security breaches since 2007 is reportedly close to finalizing a plea bargain in at least some parts of the case.

Rene Palomino, the lawyer for accused computer hacker Albert Gonzalez, argued in a recent interview with ComputerWorld magazine that Gonzalez is more addicted to computers than he is to crime.

A study by FICO, the company responsible for the widely used FICO credit scores, revealed that consumers' credit scores have been only minimally impacted by the recent, widespread cut in consumer credit lines.

Credit cards continued to be solid assets for credit unions in the second quarter of 2009 and about three credit unions sold their credit card portfolios to agent bank issuers, according to an analysis of NCUA data.