News

Elizabeth Vale, who has been the executive director of the White House Business Council, was named the assistant director for community banks and credit unions of the new Bureau of Consumer Protection.

A credit union executive testifying on behalf of CUNA before the House Financial Services Committee charged that the exemption meant to protect small asset debit card issuers from an interchange cap was essentially "meaningless."

Social media may not exactly be taking the button-down world of retail banking by storm, at least not around the world.

Visa blamed debit interchange as the reason for continuing to delay the adoption of credit cards with embedded chips in the U.S.

The NCUA liquidated Family First FCU of Orem, Utah and its assets, liabilities and members were purchased and assumed by Security Service FCU of San Antonio, Texas, the agency announced late last night.

The Federal Reserve increased its projection of growth this year to between 3.4% and 3.9%, according to the minutes of its January meeting, which were released today.

A statement issued today by the New York Corporate Services Task Force recommended supporting the reconstitution of the charter for Members United Bridge Corporate.

At a time when other financial institutions are pulling back, credit unions are offering business loans at a critical time, Iowa Gov. Terry Branstad recently said.