News

A case involving a widow who opened up a brokerage account with the defunct, CU-formed XCU Capital LLC, its shell later bought by State Employees' Credit Union, is in the middle of a regulator and legal quagmire.

President Obama announced that he is ordering all federal departments and independent agencies to review all existing regulations to ensure they don't stifle economic growth.

Baby boomers said they are entering retirement with on average 12% fewer assets today than they had four years ago, according to a Cogent Research study.

An unknown number of members of the almost $15 billion Pentagon Federal Credit Union may be at risk of identity theft after the CU experienced a security breach, according to CU correspondence.

Following CUNA's lead, the Michigan Credit Union League is reviving a new online advocacy tool, "Operation Grassroots," to bolster comment letters on legislative and regulatory issues.

For many households, paying down debt was among the top priorities last year and that trend is expected to continue well into 2011.