Department of Justice

• ATM Vendors Working to Meet New ADA Mandates

  By Eileen Courter  |  December 1, 2010

  In March 2011 the Americans with Disabilities Act will require ATMs to offer voice-guided features making them easier to use for people who are blind.

• IRS Won't Appeal UBIT Ruling in Bellco CU Case

  By Claude R. Marx  |  October 20, 2010

  The Justice Department said Tuesday it won't appeal a federal court's decision that Bellco Credit Union doesn't have to pay unrelated business income tax on income from credit insurance or royalties from accidental death and dismemberment insurance.

• Card Probe Ends With a Whimper for MasterCard, Visa; Amex Vows a Fight

  By David Morrison  |  October 13, 2010

  The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.

• Justice Department Litigates Against the Major Card Brands

  By David Morrison  |  October 4, 2010

  The U.S. Justice Department announced today that it has filed an antitrust case against the three major card brands but that Visa and MasterCard have already settled with the government.

• NCUA Files For Extension in KAP Case

  By David Morrison  |  August 31, 2010

  The court extended the deadline for further written arguments between the organizers and volunteers of the at least partially liquidated Kappa Alpha Psi Federal Credit Union and the NCUA.

• Kappa Alpha Psi FCU Declines to Go Quietly, Brings Suit Against the NCUA

  By David Morrison  |  August 18, 2010

  Kappa Alpha Psi Federal Credit Union, a predominantly African-American community development credit union headquartered in Addison, Texas, is fighting an NCUA liquidation order in court.

• Obama, Denouncing 'Tricks' and 'Traps,' Signs Reg Overhaul Bill

  By Claude R. Marx  |  July 28, 2010

  Saying he wants a system where financial services institutions "compete on price and quality, not on tricks and not on traps,"

• Obama Set to Sign Overhaul Bill; Much Speculation about CFPB Head

  By Claude R. Marx  |  July 20, 2010

  President Obama is scheduled to sign the financial regulatory overhaul bill tomorrow and among credit union advocates and other groups there is much wondering about who will be the first head of the Consumer Financial Protection Bureau.

• CU Loses First Round in Mortgage Case

  By Claude R. Marx  |  June 2, 2010

  Despite support from the federal government, Hudson Valley FCU lost the battle in a New York State trial court over whether it or its members have to pay a mortgage-recording tax.

• Government Is Ally in Tax Fight

  By David Morrison  |  April 7, 2010

  Fights over taxes usually find credit unions and the U.S. government on opposite sides.