News

Jack Henry & Associates Inc. is buying Pemco Technologies, a provider of card and payment processing solutions to about 235 financial institutions, primarily credit unions.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Sen. Johnny Isakson (R-Ga.) are expected to announce an agreement to expand the tax credit for first-time home buyers.

Three credit union executives and a former NCUA chairman will testify at tomorrow's hearing on revamping the rules on overdraft protection programs.

Prosperity Federal Credit Union purchased and assumed the loans and shares of Second Baptist Church Credit Union, following the NCUA being appointed Second Baptist's liquidating agent by the California Department of Financial Institutions.

An employee at Texans CUSO Insurance Group LLC told Credit Union Times today that Mike Haselden, the CUSO's CEO, will be leaving the company.

An asset and liability management consultancy argues that many credit unions risk giving up a unique and powerful niche in the overall credit card market if they rush to change from fixed rate credit cards to those with variable rates.

A new study from the Pew Charitable Trust has found that every one of the credit cards offered by the country's 12 largest credit card issuers are bad deals for consumers and have practices the Federal Reserve has defined as "unfair or deceptive."

Consumers opened up their wallets again last month for more big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.