Archive for November, 2011
Declines in credit card debt and in the number of open credit accounts could mean banks are closing delinquent accounts, Bill Hampel, chief economist at CUNA, told CNNMoney Tuesday in his analysis of consumer debt.
An Oct. 20 federal appeals court ruling in the Hannaford Bros. supermarket credit and debit card breach in 2008 centered on whether steps to mitigate fraud from the breach were reasonable.
The Jan. 1 mandatory compliance date for the National Credit Union Administration’s new share insurance advertising requirements is rapidly approaching, CUNA has reminded credit unions in a recent CompBlog post.
Wachovia becomes the latest financial institution to face the National Credit Union Administration in court after the agency filed suit alleging violations of federal and state securities laws and misrepresentations in the sale of securities to now-failed U.S. Central FCU and Western Corporate FCU.
The Consumer Financial Protection Bureau on Tuesday announced it would accept public input on how to best streamline over one dozen rules that it will soon inherit from seven federal agencies “to make it easier for banks, credit unions and others to follow the rules.”
Credit unions are reaping the benefits of consumer dissatisfaction with big banks and the positive media coverage generated by Bank Transfer Day, according to a recent survey conducted by the California Credit Union League.
Changing market conditions and new regulations have led to credit cards regaining an increased share of consumers’ wallets for online purchases, according to a new study from Javelin Strategy and Research.
 WFMY News 2 |
12 Tax Tips Now To Save Time And Money Next Year
WFMY News 2 A bank record includes canceled checks, bank or credit union statements and credit card statements. Are you maximizing your contributions to your retirement accounts? This year, you can contribute up to $5000 in an IRA, as well as another $16500 to a … |
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