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Articles Tagged with 'card'
CARD Act Holds Down Rates and Fees
July 21, 2011
Consumers are seeing fewer late fees, eradication of over-limit penalties, and minimal changes to annual fees since the CARD Act's passage.
Act Now on Interchange Issue
May 02, 2011
Don't wait for the Fed's final interchange rule or for legislation delaying its implementation to determine how to recoup millions in lost debit interchange income.
Compliance Trouble Spots Could be Behind You
March 08, 2011
If you don’t conduct a compliance review, you could quickly be out of compliance.
Credit Card Debt Grows for First Time in 27 Months
February 08, 2011
Card balances grew in December for the first time since August 2008.
Compliance Q&A: Open-End Loans
December 03, 2010
What's the rule for mailing statements on open-end loans without grace periods?
Fed Provides CARD Act Clarification
November 24, 2010
The Fed recently provided another proposal related to the CARD Act. But this one is actually helpful.
Fed Proposes Reg Z Amendments
October 21, 2010
The proposal would clarify portions of the Federal Reserve's final rules implementing the Credit Card Accountability Responsibility and Disclosure Act of 2009, which was enacted in May 2009.
CARD Act Compliance: The Final Stage
October 10, 2010
The third phase of the Fed's implementation of the CARD Act.
Credit Cards: Keep a Lid on Losses
October 01, 2010
Pay attention to your products, the market, and regulations to maintain high credit quality.
Compliance Q&A: Online Credit Card Apps
August 02, 2010
Can a credit union take online and telephone credit card applications from applicants under age 21?
Credit Union Magazine
September 2014 digital edition
Membership Growth Strategies
Attention CU Bean Counters: Employee Happiness Adds Up
Money Machine Grabs Shoppers' Attention
Four ‘Must Haves’ for Mobile Pay Technology
When Lightning Strikes
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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