News

Despite complaints from small business owners, Bank of America is calling recent reports that it is cutting or closing credit lines for all of its small business clients speculation.

On March 12, the Americans with Disabilities Acts new standards will become law. One section of the standards calls for new technical requirements for ATMs, including Braille instructions, speech output capabilities and specifications pertaining to keypad layout, display screen visibility and character size and font.

The U.S. Government Accountability Office on Wednesday issued its report on corporate credit unions and the NCUA. And the reports title tells the story: Earlier Actions Are Needed to Better Address Troubled Credit Unions.

Shortly before year end, NCUA announced it had launched two new websites to increase transparency of the corporate resolution system.

The tough NCUA financial literacy requirements for credit union volunteer directors came as a loud wake-up call on Jan. 27, 2011. And the provision came with a requirement that all new directors had to gain financial literacy within six months of their election.

In the span of just 12 months, a revolution in financial transactions has occurred. Mobile banking has shifted from nice to have to must have at credit unions across the country as a stampede of institutions have embraced the idea that members demand the convenience of banking from the palm...