Credit Union Times | Accurate and Timely CU News

California Poised to See Data Security Measure Become Law

By David Morrison

California is poised to become the second state in the country to have a law in place that would move the card industry's data standards into state law. The law would also provide card issuers a way to recover losses from when retailers in violation of data security standards have...

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Baby Boomers Spending More Money on Adult Children's, Aging Parents Needs

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Mica Re-Ups with CUNA

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September 18, 2007

D.C. City Council Votes to Cap Payday Lending Interest

Assuming the city's mayor and the U.S. Congress goes along, Washington, D.C. will have capped the interest payday lenders in the city can charge to no more than 24%, the same cap that other financial institutions chartered by the city face.

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September 18, 2007

FOMC Lowers Rate 50 Basis Points

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4.75%.

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September 18, 2007

FOMC Lowers Rate 50 Basis Points

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4.75%.

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September 18, 2007

NAFCU Working with Members of Congress to Make September FCU Month

Representatives Carolyn Maloney (D-N.Y.) and Jim Walsh (R-N.Y.), following up on a suggestion from NAFCU, introduced a resolution today to make September 2007 Federal Credit Union Month.

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September 18, 2007

Pennsylvania Regulator Seeks Mortgage License Reform

Acting Secretary of Banking Steve Kaplan told lawmakers today that Pennsylvania needs laws to test and license mortgage professionals and to protect consumers from unscrupulous loan practices.

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September 18, 2007

SBA Sets Out to Transform Following Largest Training Session Ever

As part of the Small Business Administration's agency transformation agenda, credit unions, lenders and small businesses can soon expect to see more operational reform and accountability, enhanced internal and external communications and improved customer service.

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September 18, 2007