News

Democratic Senator Richard Durbin, principal sponsor of the debit interchange amendment bearing his name, defended that amendment in a Jan. 18 letter to Illinois bank and CU trade associations.

The Financial Crimes Enforcement Network is now reaching out to credit unions. That's one of the messages in FinCEN's just-released 2010 annual report.

GrooveCar has launched a $500 Internet coupon incentive program intended to help facilitate the buying of new and pre-owned vehicles by credit union members in the metro New York region.

The notion of combining regulatory agencies covering credit unions, banks and insurance firms may be a pet project of New York's new governor, Andrew Cuomo, but so far it has won only preliminary CU approval.

You're likely to see auto lending pick up in 2011. Many of those loans will be for practical rather than high-end vehicles.

CU Xpress Lease Inc. is on a record-setting pace in auto leasing activity with 2010 up 100% on year-over-year numbers from 2009.