News

RealtyTrac, a for profit marketplace for foreclosed properties which is seen as the leading indicator of foreclosures nationwide reported that foreclosure filings fell 3% in October, the third straight month of decline.

A new piece of software to add accountability and reduce errors in back-office management of fees has been adopted by University Federal Credit Union in Texas.

CDs issued to non-member municipalities are insured by the NCUSIF on a pass-through basis, according to a legal opinion letter by NCUA Associate General Counsel Sheila Albin.

ING DIRECT, which bills itself as the "nation's largest bank and largest thrift," is pointing to a recent survey to show that ATM fees, not overdraft fees, most annoy U.S. consumers.

Credit unions and other financial institutions can't charge overdraft fees at ATMs or on one-time debit card transactions unless the consumer consents, or opts in, as a result of rules that the Federal Reserve approved today.

In line with trade group trends, the South Carolina Credit Union League is downsizing its board next year from 14 to seven and extending director terms to three years.

The $18 billion State Employees' Credit Union is trying to find a soft spot with the IRS as the cooperative continues to make the case that it can help the agency find recipients of unclaimed tax refunds.

California Assemblyman and candidate for Attorney General Pedro Nava has announced that the Assembly Banking and Finance Committee, which he chairs, will hold at least one hearing in January 2010 to investigate credit card interchange rates.