News

The National Association of Mortgage Professionals has sued the Federal Reserve to block a proposed rule that would bar mortgage brokers from being paid by commission on mortgages written.

Credit union core processor R.C. Olmstead Inc. of Dublin, Ohio, says it will now market and support the CAMS-ii core processing platform from Commercial Business Systems Inc. of Goldsboro, N.C., along with its own solution.

ATLANTIC CITY, N.J. — Do not expect an easy fix for the US economy, said Mike Schenk, vice president of economics at CUNA, at the “Credit Union Reality Check” conference in Atlantic City.

ATLANTIC CITY, N.J. — Do not expect an easy fix for the US economy, said Mike Schenk, vice president of economics at CUNA, at the “Credit Union Reality Check” conference in Atlantic City.

Hawaii’s two largest credit unions have now joined their peers in California and elsewhere in waiving international wire fees for members sending funds to friends and families in disaster-stricken Japan.

Accusing him of supporting “crony capitalism,” a group of retailers have run advertisements against freshman Sen. Mike Lee (R-Utah) for being a backer of a measure that would delay the implementation of a Federal Reserve rule regulating interchange.