New rules for credit cards went into effect Monday, and consumers will need to monitor changes that their card issuers may implement, CUNA Chief Economist Bill Hampel told a San Diego newspaper.
CNN and The Wall Street Journal, in their coverage about the new credit card rules that became effective Monday, told consumers worried about increases in their credit card rates that they can go to credit unions for lower rates.
While the National Credit Union Administration (NCUA) has focused more recently on “addressing credit unions’ immediate problems,” NCUA Chairman Debbie Matz said that both the NCUA and the credit union movement in general “have stronger reason for long-term optimism” and “can again think of the credit union industry’s longer-term potential” as the economy begins to recover.
CUNA’s Corporate Credit Union Task Force has weighed in on the status of the corporate credit union system and has proposed a series of drastic changes to bolster the future viability of the corporate system.
The primary sponsors of a House bill to increase the credit union member business lending (MBL) cap have urged their lawmaking colleagues to support adding the MBL language to a jobs-creation legislative package.
NCUA Board members members are often invited to speak at credit union conferences. These speeches often are made available after the fact. It is always worth it to scan the speech from a compliance officer’s point of view. You might find the following hidden gem in this speech by Chairman Debbie Matz back in December. She said: Read More
Credit unions just added another notch to the consumer satisfaction belt. Credit unions—again—outscored other financial institutions in customer satisfaction—this time in the just-released University of Michigan’s American Customer Satisfaction Index.
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