Fintech

New students at North Carolina State University will receive campus identification cards this year that for the first time will double as prepaid MasterCards.

In what may start of a new spate of consumer lawsuits against credit unions, a member of Los Angeles' Xceed Financial Federal Credit Union is claiming the financial institution engaged in deceptive and unfair practices by re-sequencing his debit transactions to create overdrafts in his accounts.

The state of Hawaii has sued seven major credit card issuers over the marketing of credit card insurance-like products, known as payment-protection plans.

Despite new rules and legislation that have cut into certain revenue streams, credit and debit cards are showing some positive trends at U.S. Bancorp.

WASHINGTON–If approved, a bill introduced in Congress April 17 would go a long way to curing the growing number of lawsuits over ATM disclosures by eliminating the requirement that ATMs disclose fees on the outside of the machines or on-screen.

LOS ANGELES – In what is expected to be the start of a new spate of consumer lawsuits against credit unions, a member of Xceed Financial FCU is claiming the credit union engaged in deceptive and unfair practices by re-sequencing his debit transactions in order to create overdrafts in his accounts.

Banks may be taking a big risk in letting younger consumers get too comfortable using prepaid cards for most financial services.

Patience has been a common virtue for businesses, financial institutions or agencies seeking to convert consumers to electronic payments and do away from paper checks.

By backing off a plan to limit large up-front fees banks can charge on credit cards, the Consumer Financial Protection Bureau feels it has protected cardholders from other increased costs, the Associated Press reported last week.

DENVER – State regulators on Friday approved applications from $2 billion Bellco CU and $225 million Denver Community CU to serve almost 450,000 residents in Adams County, making at least five of the state’s biggest credit unions authorized to serve the fast-growing county, which includes the Denver bedroom communities of Arvada and Aurora and part of the city of Denver.