Credit union mortgage servicers face an expanded and more important role under a new Fannie Mae policy designed to crack down on borrowers who walk away from their mortgage commitments.

The Allpoint Network has announced a deal with the $128 million Actors Federal Credit Union that will move the ATM network onto an additional 215 ATMs in New York City.

The $1.3 billion Polish and Slavic Federal Credit Union has announced its most recent round of scholarships, saying it distributed $300,000 to 298 students.

The move to move more government benefits to cards and away from checks has taken a hit after the Los Angeles Times reported that some beneficiaries are using their cards at casinos and strip clubs.

Card Services for Credit Unions, the association of credit unions that process card transactions on the FIS platform, has added more card consulting staff to help client CUs improve card performance.

Hard on the heels of a report suggesting that credit unions are unlikely to be able to offer payday loan alternatives, a religious group in Utah is criticizing the short-term, low-dollar loans that state's CUs offer.

RealtyTrac has reported that almost a third of homes sold nationwide in the first quarter of this year came from homes that were at some point in the foreclosure process.

Speaking on the floor of the Senate, Christopher Dodd (D-Conn.), chief sponsor of the regulatory reform act that bears his name, urged his colleagues to support the measure even if they don't like all of it.