News

Nearly a year after LPL Financial LLC filed for an initial public stock offering, the company that counts more than 200 credit unions among its clients is consolidating one of its subsidiaries.

David Stevens, the director of Federal Housing Administration, was named the president/CEO of the Mortgage Bankers Association today.

National Grid, which serves 3.3 million electricity customers and 3.4 million natural gas customers in Massachusetts, New Hampshire, New York and Rhode Island, has added the e-Bill Distribution service from Fiserv Inc.

With an eye on sharply strengthening its lobbying strategy, the Ohio Credit Union League announced this week it is revamping its annual meeting format to include for the first time a Columbus “Hike the Hill.”

The $1.8 billion Service Credit Union in Portsmouth, N.H., has added a personal financial management system and iPhone mobile banking app to services it offers to its far-flung membership.

Sen. Jon Tester (D-Mont.) introduced legislation today calling for a two-year delay in the implementation of the Federal Reserve’s rule on debit interchange and a study of the issue.