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Any change to the rules regarding interchange fees would "provide an advantage to large financial institutions at the expense of credit unions and other small financial services providers."

Damon Patrick Toey, 28, the last currently captured hacker who took part in the majority of major card security breaches over the last 10 years, has been sentenced to five years in prison.

Citing health concerns that prevented him from traveling, PSCU Financial Services CEO David Serlo addressed the PCSU Financial Services Member Forum attendees, this year in Maui, Hawaii.

The management of Cal State 9 Credit Union made "poor strategic decisions" and lacked the experience to understand the risks of subprime lending and its HELOC program, while NCUA examiners failed to recognize the risks and take corrective action.

Senate Republicans said today they will allow the regulatory restructuring legislation to come to the Senate floor and attempt to amend the legislation on the floor.

Treasury Secretary Timothy Geithner, Education Secretary Arne Duncan and Senior Adviser to President Obama Valerie Jarrett praised the efforts of the student-run credit union at Stonewall Jackson High School for fostering financial literacy.