NEW YORK -- The financial markets saw one of their best days in months yesterday, a move attributed to the Federal Reserve's interest rate cuts and, to a lesser extent, by an extremely strong initial public offering of stock from Visa Inc.

NEW YORK -- The financial markets saw one of their best days in months yesterday, a move attributed to the Federal Reserve's interest rate cuts and, to a lesser extent, by an extremely strong initial public offering of stock from Visa Inc.

LITTLE ROCK, Ark. -- Arkansas Attorney General Dustin McDaniel has sent letters to 60 companies which run payday lending operations in the state asking that they shut down operations immediately or face likely lawsuits from his office, according to media reports.

SEATTLE -- Marginally more credit unions became "high performing" credit unions in 2007 over 2006, according to noted CU consultant Tony Ward-Smith, but the consultant worries that the CU industry is not paying enough attention on getting the rest to reach high performing status.

BOSTON -- A new study from the Quantitative Analysis Unit of the Federal Reserve Bank of Boston has alleged redlining in the provision of consumer credit.

DETROIT -- One of the last shoes left over from the failed 2005-2006 attempt to convert Michigan's largest credit union to a mutual bank charter has finally dropped.

TALLAHASSEE, Fla. -- Credit Union 24 has announced that two more credit unions have joined it's nationwide ATM and EFT network.

GREEN BAY, Wisc. -- The U.S. Department of Justice has made the first filing from the U.S. Government in the case of Community First Credit Union vs. The United States of America over whether or not the CU had to pay unrelated business income tax in the amount of $54,604.