News

Two groups following the overdraft debate and new rules by the Federal Reserve have provided different perspectives on credit union and banks' compliance burden.

Speaking to 150 members of the American Association of Credit Union Leagues today in Naples, Fla., NCUA Chairman Debbie Matz said is bolstering supervision in specific areas to help credit unions manage heightened risk.

Credit unions watching their members' credit scores slide over the course of the recession might see a few of them start to improve, according to a consumer credit score tracking firm.

Three days of heavy rains have produced nationwide flooding and mudslides in El Salvador, displacing thousands and threatening more, including credit union members, the World Council of Credit Unions reported.

If commercial risk scores are an indication, businesses in the utilities, health and education service sectors are faring better than others.

The collapse of the housing market caused the Federal Housing Administration's reserve ratio to drop to 0.53%, the Department of Housing and Urban Affairs announced today.