News

The Filene Research Institute has picked up a new supporter.

The Federal Reserve would still have the power to regulate interchange fees though credit unions and banks with assets of $10 billion or less would be exempt and retailers would be expressly forbidden from discriminating among card types.

CUNA contends that proposed federal rules requiring credit unions and banks to perform an extensive account review when it receives a garnishment order would be burdensome while NAFCU just wants credit unions to have more time to conduct the review.

Eight states ripped by the recent round of severe storms will get a reprieve from the IRS on 401(k) and other related deadlines.

The $10 million Wadena Federal Credit Union was expected to re-open in temporary, rental space tomorrow with files and other equipment mostly intact, the CU's chairman, Brian Hillesland, said Monday.

In response to an NCUA complaint, the auditors for New London Security Federal Credit Union have denied claims of professional malpractice for the cooperative that was liquidated in 2008.