Both houses of the California State Legislature have passed a bill which would, among other things, include the card industry's data security standards into state law for the first time and provide credit unions with a means of recouping their losses when a retailer or processing institution fails to implement...
The World Council of Credit Unions has inaugurated a photo contest that it hopes will showcase the lives and work of members of credit unions worldwide.
Countrywide Financial announced late Friday that it would layoff as many as 12,000 workers, nearly 20% of its workforce, in an effort to trim costs in a down mortgage market. IndyMac Bancorp, another large lender also said it would trim 1,000 employees, or 10% of staff to save money.
Co-sponsors for the Credit Union Regulatory Improvements Act (H.R. 1537) climbed to 126 yesterday, including primary co-sponsor Paul Kanjorski (D-Pa.).
