News

Eastern Corporate Federal Credit Union President/CEO Jane Melchionda has accused U.S. Central Federal Credit Union of withholding crucial information from its members in her Part 704 comment letter.

Bank of America customers who might have overdrawn their checking accounts when using their debit cards will now face having their debit card transactions declined rather than overdrawn.

Charlie Felker, managing director of regulatory affairs at First Empire Securities, said credit unions haven't stopped asking who's to blame for the corporate crisis.

WASHINGTON -- Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency.

The recent auto recalls by Toyota Motors has led Aspire Federal Credit Union in Clark, N.J., to reach out to members with a unique offer.

Frustration among small business owners toward their banks appears to be growing, and a number of them said they are making plans to jump ship over the next two years.