CFPB’s Credit Card Late Fee Rule Change Still Slated for May 2024 Despite Staunch Opposition
Opponents of the CFPB’s credit card late fee proposal are trying to shoot it down everywhere. So far, they are failing. The rule still is slated to go into effect next month. David Baumann reports on the latest developments.
The Credit Card Competition Act and Its Implications for Card Rewards
As we continue this two-part series on interchange, Esteban Camargo discusses the Credit Card Competition Act of 2023, what supporters and opponents are saying about it, and what the aftermath of the 2010 Durbin Amendment might suggest is in store for credit cards.
What is Interchange and Why Does it Matter to Credit Unions?
Financial literacy month continues with part one of Esteban Camargo’s two-part series on interchange income: what it is, why it’s important to credit unions, and what politicians are trying to change.
The Fight Against the CFPB’s Late Fee Rule Continues, But Not In Texas
In the latest update on pushback against the CFBP’s credit card late fee ruling, a Texas judge has rejected trade groups’ request for the suit to be filed in the lone star state—where the conditions are more favorable—instead of Washington D.C. Emily Claus reports.
CFPB’s Contentious Credit Card Rule Will Face Stiff Challenge
On March 5, the CFPB issued its final rule governing credit card late fees, reports David Baumann.
Credit Unions and the Evolution of “Buy Now Pay Later” Lending
Chip Filson dives into the history of buy now, pay later and how the practice—and those who use it—has changed over the decades.
Rewards: Everybody Has Them, Why Don’t You?
Reward systems seem to be everywhere you look, offering some kind of discount for your continued loyalty. Well, almost everywhere. Stephanie Raven discusses the importance of offering rewards at the credit union and how all parties can benefit from the program.
Tips for Managing Members’ Compromised Cards
When a member’s card is compromised, both the member and credit union will need to act quickly to minimize the damage. Linda Stearns offers advice on how to best approach the situation to resolve it quickly and support your members.
A College Student’s First Credit Card
Chip Filson shares the story of Marit Hoyem and her experience attempting to get her first credit card as a young college student. Marit passes on what she went through and offers advice to credit unions seeking to make a difference in the lives of their members.
As Credit Card Debt Hits New High, PALs Reassert Their Value for Credit Union Members
QCash’s Seth Brickman discusses how NCUA’s Payday Alternative Loan program can be a boon to members who might otherwise rely on more predatory lending options or the credit cards in their wallets.
