Commentary

SAN DIEGO - The World Council of Credit Unions will wrap up its fall board meeting here today, concluding a thrice-yearly event in which all 14 members of the board meet together in person.

WASHINGTON - One of the key parts of the government's financial rescue plan-buying troubled assets of financial institutions--has been put on hold, Treasury Secretary Henry Paulson said today.

RALEIGH, N.C. -- Starting immediately, Local Government Federal Credit Union said it is in the market to purchase municipal bonds from North Carolina cities, towns and counties and has earmarked $50 million to make it happen.

TUMWATER, Wash. -- Hoping to carve a local niche with small businesses, O Bee Credit Union has formed a new business-services department.

WASHINGTON - Responding to widespread concern that there is not enough capital available to businesses, the three agencies that regulate banks today urged all banks to expedite their lending.

WASHINGTON - HUD today issued long-awaited rules for RESPA reform.

WASHINGTON - Fannie Mae and Freddie Mac have adopted a mortgage modification program that will speed up loan modifications for troubled loans held by the mortgage finance giants.

TALLAHASEE, Fla.-- An international ATM expansion has helped Credit Union 24 enlarge its surcharge-free ATM network by 2,500 locations overseas, the credit union owned network announced.