CUNA Statement Stuffer Explains CARD Law Posted by AVCU on 10:22 AM

CUNA announced availability of a new statement stuffer to assist credit unions in setting the record straight with members on what the new Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 means to them. "New Law Shows Credit Union Cards Still the Best" is a new statement stuffer that explains the impact of the new CARD Act, parts of which started taking effect Thursday. Click to view a sample. The six-panel stuffer includes a three-panel table outlining the new law, when the changes take effect, and what it will mean for consumers. It addresses fees, interest rates, disclosures, payments, oversight, prepaid and gift cards, as well as changes for consumers under the age of 21. Credit unions also can remind their members why the New York Times, on 6/24 and 7/9, said credit union credit cards are a great test for how other card providers will perform under the new law - because credit union cards already perform in consumers' best interests.