News

An intense 30-day competition among Northern Virginia schools helped students, educators and staff across five counties save a record-breaking $292,350 during Apple Federal Credit Union's "Feed the Pig" savings competition.

The $889 million Los Angeles Firemen's Credit Union has notified some of its more than 28,000 members that private information may have been compromised.

Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).

NCUA Chairman Debbie Matz has written senators in support of two changes in the pending regulatory reform measure, the agency said today.

Despite intense opposition by credit unions and banks, a bipartisan majority in the Senate last night voted 64-33 to pass an amendment to the regulatory overhaul bill that will restrict interchange fees.

The industry's massive lobbying effort this week to oppose Sen. Durbin's interchange amendment triggered an estimated 35,000 letters and e-mail messages to U.S. senators but that was apparently dwarfed by retailers' counter campaign.