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Credit Card Program Mergers: Be Careful

By now nearly every credit card issuer understands that CARD Act and the ‘new normal’ has changed the way credit card programs must be managed. What is only now coming into view, though, are a special and material set of concerns related to merging credit unions. CARD Act rules when combined with now-in-place accounting rules for merging credit unions can together create long-term compliance and unanticipated financial risks for years to come.

When merging in a credit card program we urge all credit unions to think through the following issues carefully:

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