News

Housing starts declined by 4% last month, a setback following the 8.9% increase in November, according to according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.

Credit unions that help their members prepare and file their tax returns and then deposit their refunds in credit union accounts, are helping the members avoid losing millions of dollars in so called refund anticipation loans.

TMG, a financial services CUSO owned by the Iowa Credit Union League, gave its prepaid cards packaging for the holidays that included disclosures about the card's fee structure and schedule.

In a victory for the GOP, Massachusetts State Sen. Scott Brown beat CUNA-backed Democratic nominee Attorney General Martha Coakley in yesterday's special election for the seat held for almost 47 years by U.S. Sen. Edward M. Kennedy, who died last August.

Three Houston law firms representing credit unions and other card issuers in litigation against Heartland Payment Systems over the firm's 2008 card data security breach have criticized a proposed settlement of those cases.

The Invest in America program has added two new benefit partners and released 2009 numbers that CUcorp CEO David Adams said make him optimistic about the program in 2010.