Comptroller of the Currency John Dugan has taken a stand in favor of a change in card regulation that goes beyond one that has been currently proposed by the Federal Reserve.

The $296 million Lafayette Federal Credit Union has announced a new chief executive to replace Michael Hearne, its controversial departed CEO. But some members who opposed the credit union's attempt to change to a community bank charter doubt that the new executive will bring the CU the reconciliation they believe...

After months of anticipation, the latest significant expansion of nationwide shared branching has come online.

Another former credit union has notified the U.S. Securities and Exchange Commission that it intends to reorganize itself into a mutual holding company and to issue stock.

Credit unions who process their ATM and debit transactions with the PULSE EFT Association will soon have available another level of fraud protection, according to an announcement from the organization, which is an affiliate of Discover Financial Services.

Credit unions will soon have another option for offering their members a prepaid card. CO-OP Financial Services, the parent CUSO of the CO-OP Network, has announced it will have a prepaid card ready for participating credit unions to issue by the beginning of the fourth quarter of this year.

A study sponsored by the American Banker's Association advised against changing credit card regulation of card interest rates and fees, arguing that doing so would hurt the ability of people with lower credit scores to access credit.

A third source of mainstream cooperation and support has joined the National Federation of Community Development Credit Unions. According to a Federation announcement, the Western Corporate Federal Credit Union (WesCorp) has become a Corporate Credit Union Sustainer of the organization.