ARLINGTON, Va. - The terms "low-income" and "underserved" lack common definition, and confusion about the two may be one of the things most clouding the discussion of how credit unions interact with their lower income members and surrounding economically disadvantaged communities, according to a mix of credit union and other...

ARLINGTON, Va. - After simmering for many years, the question of how credit unions serve low-income communities has received increased interest lately, appearing again on trade association committee agendas and in regulators' remarks. But it would be a misunderstanding to attribute that interest solely to congressional signals or a need...

ARLINGTON, Va. - In something of a coup, the $10 million, Durham, North Carolina-based Latino Community Credit Union has won the support of the normally very conservative North Carolina Credit Union League in its effort to convince credit unions to back a resolution to reform the nation's immigration laws. "What...

ARLINGTON, Va. - The Federal District Court judge charged with hearing a coalition's complaints against a California law regulating credit card operations prevented the law from going into effect on July 1 but left undecided the case's final outcome. The Court will next rule on the matter on November 8....

ARLINGTON, Va. - NAFCU President Fred Becker argued that the precedent-setting nature of a California credit card statute, combined with its anti-constitutional elements and negative impact on federally chartered credit unions demanded that the association join a lawsuit challenging it in court. Set to go into effect on July 1,...

ARLINGTON, Va. - Representative John LaFalce (D-N.Y.), ranking member of the House Financial Services Committee has written a letter to Federal Reserve Chairman Alan Greenspan urging the Fed to crack down, through regulation, on eight specific credit card marketing and operational practices that he charged are "so egregious that I...

ARLINGTON, Va. - CUNA and NAFCU remain split over a pending lawsuit between the California Attorney General and a coalition of national financial trade associations and credit card issuers, even as the pace of briefs flying between the litigants has picked up in advance of the U.S. District Court's decision....

ARLINGTON, Va. - Many credit unions have become aware of the Woodstock Institute primarily because of the organization's study critical of mainstream credit unions' service to low-income people in Chicago and the provocative stands the organization has taken in the ongoing debate over how credit unions serve the underserved. Marva...