ARLINGTON, Va. - As regulators have begun to focus steadily more attention on what has been described as predatory lending and as the Fed has begun to crack down on what are considered "subprime" credit card issuers, more attention has been focused on just what the term "subprime" means. Unlike...

ARLINGTON, Va. - Twenty-two credit unions, and the National Federation of Community Development Credit Unions (NFCDCU), together received millions of dollars from the Treasury Department's Community Development Financial Institutions (CDFI) fund this year, and Clifford Rosenthal, NFCDCU's executive director and newly elected chairman of the CDFI coalition, said protecting credit...

WASHINGTON - In response to a complaint from a predominantly conservative watchdog group, the Federal Elections Commission (FEC) has opened an investigation into Representative James Moran's (D-Va.) $477,000 loan from MBNA, a noted purchaser of credit unions' card portfolios and major card issuer. In early July The Washington Post reported...

WASHINGTON - Critics of contemporary congressional ethics charge that ethical lapses allegedly conducted by Representative Paul Kanjorski (D-Pa.), a noted congressional credit union champion, are going uninvestigated under a congressional deal designed to cover-up ethical lapses. A report published in the Washington Post charged that Republican House Leaders backed off...

ARLINGTON, Va. - Misperceptions about the relative risk and costs of so-called loyalty or benefits programs have prevented many credit unions that issue cards from adding them, said credit union card experts. But increasing competition from other credit card issuers has helped induce a growing number of institutions to offer...

NEW YORK - Even though it led to a potential $15 million loss, Municipal Credit Union has no regrets for allowing its members access to cash through its ATMs in the wake of the September 11 attack even though it was unable to verify how much money was in their...

MADISON, Wis. - Most people don't associate playing golf with education, but officials with CUNA's Center for Professional Development (CPD) insisted that the association's newest education offering for executives, "Learning from the Links: Lessons in Leadership" will provide credit union executives with precisely a kind of education they can get...

BOSTON - Officials with Kessler Financial Services, the firm that handles credit union card portfolio purchases for MBNA, and an MBNA official, confirmed this week that the firms are revamping the overall structure of the credit union card-purchasing program, partly in response to the increased competition for valuable credit union...