News

The credit card market in the wake of the Credit Card Accountability, Responsibility and Disclosure Act may be the most favorable ever for credit union card programs, according to a leading credit union card analyst.

Utah, a late bloomer on foreclosure and delinquency filings, has apparently become the latest sand state, the head of the Utah League of Credit Unions said Wednesday.

For the time being, credit union concerns in Virginia and elsewhere over companion bills in the state Senate and House enabling banks to buy and merge credit unions have eased following committee action leading to likely passage.

Credit unions aren't included in a proposed program to lend community banks money so they can lend money to small businesses and Independent Community Bankers of America President/CEO Camden Fine wants to be sure they are kept out.

Compliance solutions specialist Continuity Engine has hired Open Solutions Inc.'s former longtime marketing director.

In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.