WASHINGTON -- The National Credit Union Foundation's seventh and eighth Innovation Grants for 2008 will assist smaller credit unions manage governance issues and help lower income credit union members escape predatory car loans.

WASHINGTON -- Community development financial institutions are hoping an Obama administration will mean some big change to one small program.

NEW YORK -- The National Federation of Community Development Credit Unions and the Coalition of Community Development Financial Institution Coalition have requested the Treasury set aside...

HANOVER, N.H. -- A study partially financed by the payday lending industry has suggested that a cap on payday loan interest rates has actually hurt the consumers that consumer advocates have sought to help.

WASHINGTON -- The FDIC announced in a legal opinion letter on Nov. 13 that it will insure the money placed on gift cards and other prepaid cards issued by banks.

APPLETON, Wis.-- The $145 million Prospera Credit Union has begun to offer the model for its successful payday alternative lending program to other credit unions nationwide.

MADISON, Wis.-- The Filene Institute has released a report which examines how cardholders make the decision to use their credit or debit card at point of sale.

NEW YORK -- American Express has sought and received Federal approval to become a bank holding company and has reportedly sought $3.5 billion in bailout money from the Treasury, according to the company and press reports.