News

The NCUA Board today approved for a 60-day comment period a proposal to insert a conflict of interest clause into its eligible obligations rule.

Roughly six years after selling it credit card portfolio to Bank of America's FIA Card Services (then MBNA) the $121 million BestSource Credit Union has declined to renew its contract with FIA and gotten back into the business of issuing.

Roughly six years after selling it credit card portfolio to Bank of America's FIA Card Services (then MBNA) the $121 million BestSource Credit Union has declined to renew its contract with FIA and gotten back into the business of issuing.

In an unusual team-up with bankers, the New Jersey Credit Union League said today it had introduced into the state legislature this week a data breach bill protecting consumers and holding retailers responsible for breach costs.

Attendees of CUNA Mutual's Discovery Conference here were treated to a lively opening panel discussion with some of the top leaders in the industry.

When it comes to auto lending, credit unions need to greatly tighten up their tracking and monitoring systems on a broad front with particular focus on dealer performance, borrower scores and loan terms to both produce gains and ensure against losses.