News

Regulators should "show some temperance" when examining financial institutions so that they can continue to lend money to help the economy improve," House Financial Services Committee Chairman Barney Frank said in a letter.

Southeast Wisconsin credit unions, which lost millions in the March bankruptcy of Central States Mortgage Co and CU Fleet apparently have reached a settlement allowing them to recover claims totaling $82 million, according to local media reports.

The Ohio Credit Union League is looking to form a year-end partnership with its Georgia counterpart to provide on-site compliance specialists operating on more formalized monthly contracts.

Over 100 individuals representing many different facets of the mortgage and real estate industries have been indicted for their roles in different mortgage frauds by the U.S. Attorney for the Middle District of Florida.

After 81 years of being identified with a niche group, Atlanta City Employees Credit Union has changed its name to Credit Union of Atlanta to reflect its growing diverse membership.

The $1.45 billion North Island Financial Credit Union of San Diego, one of California's troubled CUs, announced Thursday it has hired veteran and retired CEO John Tippets, former head of American Airlines FCU in Dallas as its new CEO.