News

A new consumer survey from Visa Inc. has found that consumers oppose the most recent legislation to regulate debit card interchange when told the new rules might cost them more money.

Under the SBA's Open Government Plan, the agency said one of its goals is to increase 7(a) active lending program participants to 3,000 by September 2011.

Some credit unions are still making small value, short term loans that they say are not payday loans, but really they still are, according to a report developed by the National Consumer Law Center.

By now, First Carolina Corporate CU members have sat down to their annual meeting and luncheon today in Pinehurst, N.C.

The currently $1.3 billion Greylock Federal Credit Union grew from being a $760 million credit union under the guidance of its former CEO, Angelo Stracuzzi, who resigned on June 11.

The New Jersey Senate helped credit unions reach a milestone Thursday when it passed a bill enabling counties, school boards, municipalities and local government entities to use CUs as depositories.

The FBI is not commenting, but media outlets this morning are reporting that the agency is preparing a significant nationwide crackdown on mortgage fraud.

All three federal regulators with a say in the matter have given a green light of Royal Credit Union's purchase of a struggling bank's assets.