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On-Site Coverage: Credit Card Losses in Lockstep With Job Losses, Expert Says

By David Morrison

CHICAGO -- One sign that credit card losses, including those in credit unions, may continue to rise this year and next is the way that they have become tightly correlated with job losses, according to one financial analyst.

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On-Site Coverage: Australian Interchange Reforms Lead to Card Surcharges

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Local Government FCU Launches Card Program for Rescue/EMS Workers

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Payments/Credit/Debit Stories

May 14, 2009

On-Site Coverage: Australian Bank Regulator: No Evidence Lower Interchange Brought Lower Prices

CHICAGO -- If the U.S. were to cap or lower credit card interchange rates, would those lowered rates find their way to lower consumer prices for goods and services?

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May 13, 2009

Interchange Measure on Credit Card Bill Could Be Debated Today

The Senate today may consider a credit union-opposed measure that would give retailers more flexibility in dealing with credit card issuers.

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May 13, 2009

More Small Businesses Relying on Credit Cards

Even as companies are slashing limits and canceling accounts, a growing number of small businesses are still leaning on credit cards to survive.

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May 12, 2009

TNB-Elan Transaction Changes Grace Periods

Will members of credit unions currently issuing their credit cards through TNB Card Services see higher fees and interest with Elan Financial Services?

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May 11, 2009

CU, Bank Trades Object to Merchant Discounts for Certain Cards

CUNA and NAFCU have signed a letter with two banking associations urging senators to defeat an amendment aimed at reducing interchange fees that the trade groups say would decrease the availability of credit.

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May 11, 2009

TNB Card Services Selling Card-Issuing Business to Banking Subsidiary

TNB Card Services is selling its $300 million agent-issued card portfolio to Elan Financial Services, a subsidiary of U.S. Bancorp.

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May 11, 2009

TNB Departure Leaves Different Market

The departure of TNB Card Services from the credit union-owned credit card portfolio market leaves CUs with a sharply different market for their card assets.

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