ALEXANDRIA, Va. -- The NCUA recently lifted its Letter of Understanding against the Toledo Metro Federal Credit Union, recognizing that it has resolved the disputed issues.

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CHICAGO -- Cardholders continued to add to their overall card balances in the second quarter, but card delinquencies continued to drop according to one of the nation's big three credit bureaus.

Wauna Federal Credit Union, Clatskanie, Ore., awarded eight $1,000 college scholarships to members who are graduating from school, colleges and universities. The recipients were Mackenzie Carr, Lynnae Huber, Kelsey King, Jonathan Landwher, Charayah Lewis, Dennis Peterson, Jennifer Stephens and Whitney Taylor.

DES MOINES, Iowa -- In an effort to assist businesses here still recovering from this year's floods, Iowa Gov. Chet Culver has provided $40 million through the newly created Jumpstart Small Business Assistance program.

WASHINGTON -- The U.S Attorney in New York has sent federal grand jury subpoenas to Fannie Mae and Freddie Mac. The mortgage finance companies have been asked to preserve documents dealing with accounting, disclosure and corporate governance from Jan. 1, 2007 until the present.

WASHINGTON -- Credit unions report a slew of reactions ranging from panic to a lack of concern to the news that the massive $700 billion bailout proposal has been rejected by the House of Representatives.

WASHINGTON -- The Securities and Exchange Commission has launched 50 investigations that constitute a wide swath within the subprime lending industry.