News

NAFCU has completed its analysis of the 2005 Home Mortgage Disclosure Act data recently released by the Federal Reserve, and based on its findings the association concludes that compared with other depository institutions, credit unions tend to make smaller mortgage loans and approve a greater percentage of loans to low-...

Pointing out a number of "taboos" associated with the Office of the Comptroller of the Currency's decision to approve requests from three banks wanting to engage in commercial real estate deals, Washington Credit Union League CEO John Annaloro is concerned about the ramifications.

NASCUS and the Conference of State Bank Supervisors are both applauding the credit union related-provision added to the Regulatory Relief Act of 2006 that allows for full voting rights to the chairman of the State Liaison Committee of the Federal Financial Institutions Examination Council.

About 20 firms with more than six million credit card transactions each per year are out of compliance with Visa's card security standards and face fines if they had not come into compliance by the end of September 2006.

According to a Callahan & Associates' Internet Strategy Consortium Survey, online members are looking for more education and guidance from their credit union Web sites. From comparative information and tools designed to help select appropriate products to evaluative tools for help in determining existing financial strategies and managing investments online,...

The idea was to bring consumer finance topics to radio listeners in Central Florida, but the project proved to be too expensive.