Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle
PYMNTS
JUNE 21, 2019
A CUNA study found that those from CUs typically offer lower interest rates than banks’ products, with the average for a credit union card coming in at 11.6 percent compared to banks’ 13.5 In fact, CU interest rates are capped by federal regulations. held that such rules could not be enforced against nationally chartered banks.
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