News

The National Association of Realtors announced this morning that existing home sales fell off in February, sliding 9.6% to a seasonally adjusted annual rate of 4.88 million units in February.

A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorney generals, who publically voiced their concerns about its impact on U.S. financial institutions in media interviews and a March 16 letter to addressed to Miller’s office.

The $726 million Altura Credit Union of Riverside, Calif., is contributing support to the Japan Relief Fund effort for victims of the Japanese earthquake and tsunami.

The $726 million Altura Credit Union of Riverside, Calif., is contributing support to the Japan Relief Fund effort for victims of the Japanese earthquake and tsunami.

An expansion of product and services by CUSOs and the removal of the 12.25% member business lending cap are just two of the issues the National Association of Credit Union Service Organizations will focus on this year.

Because CUSOs are not considered financial institutions, the National Association of Credit Union Service Organizations said they should not be required to disclose certain incentive based compensation arrangements.