News

The Federal Reserve Board has published the latest card regulations that it was mandated to develop by the Credit Card Accountability Responsibility and Disclosure Act of 2009.

The U.S. Government could save between $36 million and $39 million in interchange fees annually if it had the right to negotiate for better terms, according to a Treasury Department report.

In more ways than one, the purchase by the $1 billion Royal Credit Union of 11 branches of an ailing Wisconsin bank represents an extraordinary and very positive precedent for CUs.

Online Resources Corp. has named a new president and chief executive officer.

While business loan demand gained strength in some cities, commercial lending remained weak in most districts, according to the June 9 Federal Reserve Board's Beige Book.

The ailing $140 million Bay Gulf Credit Union, of Tampa announced plans to merge with the $1.1 billion MidFlorida CU of Lakeland.