News

The FDIC's push to get more banks involved in payday alternatives puts the limelight once again on credit union products.

Cleveland, Chicago, Minneapolis and Dallas are among the cities that have been helped along in the commercial real estate sector thanks to federal stimulus projects, the Federal Reserve Board reported.

With Friday's failure of Cumorah Credit Union, the head of the industry's primary private insurer expressed new confidence in the health of the private system maintaining that "all the right moves" were made in the out-of-state Nevada takeover.

It's a memorable and poignant one day trip for Don Wolford, the chief financial officer of Winston-Salem City Employees Credit Union, which is why the flight from the North Carolina city to Washington is being called the World War II "Flight of Honor."

To open up more access to its programs, the SBA said today it has proposed increasing size standards for 71 types of businesses with most in the retail, hotel and food service sectors.

Credit card issuers would have to immediately stop raising interest rates on existing balances under the provisions of a bill introduced today by Senate Banking Committee Chairman Christopher Dodd (D-Ct.).

As the number of occupancy rates continues to decline in commercial properties, several bank regulators are working together to come up with guidelines for loan workouts.

The National Federation of Community Development Credit Unions will press a meatier agenda on the parts of community development and small credit unions at a Nov. 12 meeting with senior NCUA staff and board members.