Cooperatives, Credit Cards, and Wealth Redistribution
A study from the Federal Reserve shows how credit card rewards programs represent a transfer of wealth from the naïve to the informed, the poor to the wealthy, relates Chip Filson.
CFPB’s Credit Card Late Fee Proposal Continues to Draw Criticism from CUNA
In a letter to the CFPB, the Credit Union National Association details its reasons for opposing the Bureau’s proposed reduction of maximum allowable credit card late fees to $8, reports Esteban Camargo.
Reaction to CFPB Credit Card Fee Plan Wildly Divided
Following the CFPB’s proposed rule limiting credit card late fees to a maximum of $8, reactions from the financial sector have been largely opposed, reports David Baumann of CUCollaborate.
Top 10 CUSO Magazine Articles of 2022
As we move into 2023, the CUSO Magazine team took a moment to reflect on 2022 by sharing the most widely read articles of the year.
Giving to Get Back: Expanding Your Card Programs
If you’re hoping to get more out of your plastics program, Heather French suggests giving to get back. A rewards program might be what you need to find your way to the top of your members’ wallets.
Need Some Additional Revenue? Paging Your Plastics Vendors
Your credit union’s credit card program is more valuable than you might think, and plastics vendors know it. Ed Jesionowski shares a few examples of how credit unions leveraged that worth to bring in additional revenue.
The Summit Federal Credit Union Announces Its New Secured Visa Credit® Card
The Summit Federal Credit Union announced that it has added a secured credit card to its Visa® Credit Card portfolio.
The Credit Card Competition Act is Drawing Criticism from Credit Union Trade Groups
A new bill from Senator Richard Durbin (D-IL) introduced in late July, the Credit Card Competition Act, is drawing the attention of the credit union industry, and not in a good way reports Esteban Camargo.
The Good and Bad of Temp to Perm Cards
In a follow up to her article on instant issue cards, Megan Ernsberger weighs the pros and cons of the instant issue alternative, temp-to-perm cards, and how to decide what works best for your credit union.
The Good and Bad of Instant Issue
While some technology allows for increased convenience, there can be some drawbacks as well. Megan Ernsberger covers the positives and negatives of instant issue, and what you should consider when looking to add it to your credit union.
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