Payments/Credit/Debit

A new application from software developer Intuit offers the promise of expanding the market for consumers to use their cards in more places.

Credit unions may face a market for credit cards where some of their traditional consumer card advantage will be lost, thanks to the credit card reform legislation recently signed into law.

President Obama is scheduled to sign legislation this afternoon that will place tighter restrictions on credit unions and other credit card issuers.

A panel of federal judges will meet on May 27 in Louisville, Kentucky, to hear oral arguments on whether lawsuits brought by financial institutions, consumers and investors against Heartland should be rolled into class action cases.

Elan Financial Services may have purchased CU credit card portfolios from TNB Card Services, but it may have a ways to go to win over those credit unions.

Credit unions and other credit card issuers will have tighter restrictions on their ability to raise interest rates and the requirements for sending out bills as a result of a bill approved by the House today in a 367-61 vote.