News

Holly Petraeus, who has extensive experience working on consumer issues affecting members of the military, was named today to head the implementation of the Office of Servicemember Affairs of the Consumer Financial Protection Bureau.

Core processing CUSO CU*Answers said it has returned $1.2 million in 2010 patronage dividends to its credit union owners.

Rep. Barney Frank, the top Democrat on the House Financial Services Committee, invoked images of the Wild West in blasting efforts by Rep. Michele Bachmann (R-Minn.) to repeal the financial overhaul bill passed last year.

North Jersey Federal Credit Union will open a student-run branch at John F. Kennedy High School in Paterson, N.J., on Jan. 12.

Calling him someone who has a "deep understanding of how jobs are created and how to grow the economy," President Obama today named JPMorgan Chase Midwest Chairman William Daley to be the new White House chief of staff.

Citing what it calls the explosive growth of prepaid debit cards, the Illinois Credit Union League announced Thursday it is rolling out for client CUs a new "family card" designed for teens as a money management tool.