Despite perceptions that credit union mergers are on a major upswing, NCUA statistics show a significant decline from a year ago based on several factors, according to David Bartoo, head of a merger consulting firm here.

Dynamic Card Solutions has launched what it calls the first patent-pending, instant-issuance product that offers full, over-the-edge card personalization.

The Community Financial Services Association, the trade association that says it represents 60% of the payday lending industry, will unveil a new policy that will require its members to disclose more of their fees before the small value loans are made.

Five more credit unions have sold their credit card portfolios to TNB Card Services, the card processing and portfolio management arm of credit union owned Town North Bank. The recent purchase brings the total number of card portfolios that TNB has purchased to 140, the bank CUSO said.