News

Saying credit unions would face additional compliance burdens, CUNA and NAFCU urged lawmakers to enact legislation to delay the implementation of a ban on Internet gambling for one year.

The package of bills aimed at restructuring the way the government regulates financial services represents a big step in the right direction, two members of the House Financial Services Committee said today at a breakfast co-sponsored by CUNA.

Federal Reserve Chairman Ben S. Bernanke told lawmakers today that his agency's actions had helped avoid making the recession worse, though conceded that they could have done more.

Card Analysis Solutions, a CU card consultancy run by Ondine Irving, has launched a Web site designed to help consumers find consumer-friendly credit union credit cards.

COCC has elected Tina Sbrega, president of GFA Federal Credit Union in Gardner, Mass., to a three-year term on the board of directors.

Credit unions and banks would be encouraged to make small loans to low-income consumers by the creation of a fund to help them recover the majority of a lost loan, under a bill introduced today by Sen. Herb Kohl (D-Wis.).