News

CHICAGO -- If the U.S. were to cap or lower credit card interchange rates, would those lowered rates find their way to lower consumer prices for goods and services?

CHICAGO -- One sign that credit card losses, including those in credit unions, may continue to rise this year and next is the way that they have become tightly correlated with job losses, according to one financial analyst.

The management team of the now-defunct Norlarco Credit Union inadequately managed its residential lending program, while NCUA and Colorado regulators didn't monitor the credit union closely enough or pay attention to safety and soundness concerns.

The debt-to-income ratio of credit union members applying for mortgage modifications during the last year was 50.5%, according to NAFCU's Flash Report released today.

CHICAGO -- An executive with the Consumer Federation of America told payment industry executives that consumers' best choice for a payment method today is cash.

Credit unions holding capital in the conserved corporate credit unions should be able to share in the future recoveries of securities.