News

There were 1.3 million bankruptcy filings in the year that ended on June 30, a 35% increase over the previous year's total of 967,831, the Administrative Office of U.S. Courts reported today.

The SBA has appointed Esther Vassar as its new national ombudsman replacing Nick Owens, who previously served as NCUA external affairs director and special assistant to former NCUA Chairman JoAnn Johnson.

Robert Carr, CEO of Heartland Payment Systems, blamed his company's possibly record breaking card security breach that it revealed in January on the firms the company hired to audit its compliance with card data security standards.

The $814 million Nevada Federal Credit Union is using an ad pitch hitting on "an out-of-state credit union" coming into town.

The current regulatory structure and failings by some regulators has resulted in inconsistent enforcement of anti-discrimination laws among lenders, a report by Congress' investigative arm concluded.

Add New England Federal Credit Union CEO David T. Bard to the growing list of retiring credit union leaders.