News

On a mostly party line vote, the House Financial Services Committee approved a measure to create a new agency to regulate consumer financial products and CUNA and NAFCU expressed concern about the bill.

At a White House briefing yesterday, NAFCU President Fred Becker thanked President Obama for acknowledging the credit union industry's role in small business lending.

Corporate America's lawsuit against U.S. Central Federal Credit Union claims the corporate had counted on selling its impaired investments to the U.S. Treasury Department through the TARP while it was soliciting PIC II conversions from member corporates.

Considering the tech explosion in Twitter, texting, mobile banking and social networking, credit union managers are making a grave mistake in cutting back on strategic planning and training, a Dallas CU marketer/consultant and author maintained.

The NCUA's final Town Hall meeting, a Webcast that allowed viewers to ask live questions anonymously, produced new information not addressed in previous town halls.

Credit card issuers with fewer than 2 million credit cards in circulation-including most credit unions-won't have to comply with the CARD Act earlier than planned, as a result of an amendment approved by the House Financial Services Committee.