News

Key lawmakers are holding a press conference tomorrow to announce legislation to speed up the effective date of the remaining CARD Act provisions to Dec. 1.

WASHINGTON - House members and senators addressing NAFCU's Congressional Caucus today spoke along party lines-Democrats supportive and Republicans against-a proposal to create an agency that would regulate consumer financial products.

Marking its second major buy over the past few months, Intuit Inc. said it will purchase online personal finance provider Mint.com in a cash transaction worth approximately $170 million.

While some of the proposals to revamp the way financial services are regulated are well meaning, they could have unintended consequences that harm credit unions and therefore lawmakers should proceed with caution.

Financial Service Centers Cooperative, one of two nationwide credit union shared branch networks, will launch a sweepstakes on Oct. 1 to promote use of kiosks in California 7-Eleven stores.

As Congressional action appears to be looming on overdraft protection, State Employees' Credit Union CEO Jim Blaine and former NCUA Chairman Dennis Dollar engaged in what was described as a "lively and intense" faceoff this week.