News

Attorneys General in Connecticut, Illinois and Ohio have signaled their interest in looking into how large mortgage holders and servicers have been managing delinquent mortgages through foreclosure or modification.

Credit unions shouldn't have to use the phrase "total overdraft fees," on their statements when describing how much a member has to pay for overdrafts, CUNA and NAFCU told the NCUA.

House Financial Services Committee Chairman Barney Frank (D-Mass.), who is facing a stronger than expected reelection challenge, lent his campaign $200,000.

New research from Market Rates Insight showed that banks and credit unions may be offering consumers and members the reverse of what they are demanding with CDs.

The Justice Department said Tuesday it won't appeal a federal court's decision that Bellco Credit Union doesn't have to pay unrelated business income tax on income from credit insurance or royalties from accidental death and dismemberment insurance.

The Ohio turnout and news coverage supporting an International Credit Union Week event on high school financial literacy has proved "far better than we expected" with 1,000 students participating so far, the state CU league said.