News

Sabine FCU of Orange, Texas today assumed the assets of Orange County Employees CU after the Texas Credit Union Department named the NCUA liquidating agent of Orange County Employees CU.

House and Senate conferees today began the process of reconciling the two chambers' versions of the regulatory overhaul legislation.

No matter how unpopular the debit interchange regulating Durbin amendment is among credit unions, at least one credit union is not opposing it.

At next Thursday's board meeting the NCUA plants to announce the amount and due date of the assessment to pay back the loan from the Treasury Department that created the Temporary Corporate Credit Union Stabilization Fund.

The issue of regulating interchange fees will be one of the topics lawmakers have to deal with when the House-Senate conference committee meets today to reconcile the differences between the financial reform bills passed by both chambers.

Arizona Attorney General Terry Goddard pledged Wednesday to vigorously enforce a crackdown on payday lending three weeks before the June 30 expiration of a sunset law allowing the shops to charge rates up to 400%.