News

Albert Gonzalez, the hacker whose electronic thievery cost credit unions and other card issuers millions of dollars when he hit the card processor Heartland Payment Systems, received a sentence of twenty years and a day for the Heartland hack attacks.

President Obama signed legislation late Friday that would extend enhancements for the SBA's two largest loan programs that is estimated to support nearly $1.4 billion in small business lending.

While Congress is out of session for a two-week Passover/Easter recess, CUNA and NAFCU are using the period to have their members lobby lawmakers on key issues facing credit unions.

Ambac Assurance Corporation announced it restructured its residential mortgage backed securities guarantees into a separate "segregated account" after the Wisconsin Insurance Commissioner successfully petitioned to take control of the fund.

The U.S. Justice Department has sided in favor of a credit union locked in a legal battle against its state.

The NCUA isn't saying how much it will charge credit unions to repay corporate stabilization or other NCUSIF expenses.

The Obama administration announced today that it will give $500 million to housing finance agencies in North Carolina, Ohio, Oregon, Rhode Island and South Carolina to help them finance programs to help people struggling to afford housing.

Eliminating the requirement of obtaining personal guarantees for business loans unless a waiver is granted will be the main focus of a comment letter to the NCUA from NACUSO General Counsel Guy Messick.