News

Even as plaintiff's lawyers swarm like hornets, its stock price has plummeted and it has had to cut its dividend, Heartland Payment Systems has not lost merchant processing clients as a result of the biggest card security data breach in history.

Bernard Madoff's $10 million bail was revoked and he was immediately sent to jail to await sentencing for his role in a $65 billion Ponzi scheme.

Citigroup's recent profit numbers coupled with a market rally has offered a glimmer of confidence to investors.

Foreclosure filings, bank repossessions and similar actions increased 5.9% last month and were up 29.9% over February 2008, according to a report released today by RealtyTrac, an online seller of foreclosed properties.

The recession continued to cause consumers to cut back on spending in some areas of the economy, the Commerce Department reported today.

In light of the current economic crisis, both CUNA and NAFCU today urged lawmakers to consider changing how financial institutions do some of their accounting.