News

As the SEC reports a rise in investment scams that target the elderly, the Pacific Service Credit Union is doing its part to protect them from financial abuse.

NCUA Chairman Debbie Matz said today the agency hopes to announce a plan for corporate legacy assets by the end of June, before final corporate regulations are released.

NAFCU has refrained from making concrete suggestions about what sort of structure a new Fannie Mae or Freddie Mac might one day have but has urged legislators to preserve their ability to help CUs manage mortgage liquidity.

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.

California's central valley economy "may be as bad as it gets," but that has not precluded Valley First Credit Union of Modesto from becoming the successful bidder on the failed Tracy FCU, its president/CEO Henry Barrett said Tuesday.

WASHINGTON -- Treasury Secretary Timothy Geithner went to a conservative leaning thing tank yesterday to make the case for revamping financial regulations in a manner that provides "strong protection for consumers."