News

Calling him "the most powerful nerd in the world," and crediting him for saving the economy from catapulting into a depression, Time Magazine today named Federal Reserve Chairman Ben Bernanke its Person of the Year.

The fallout of the economy has put areas like overdraft fees and credit cards under the microscope with new legislation drafted to protect consumers.

The new League of Southeastern Credit Unions, combining the Florida and Alabama Credit Union Leagues, becomes official Jan. 4.

The National Association of Realtors has agreed to sign the open letter circulated by CUNA encouraging Congress and the president to increase the amount credit unions can lend to businesses.

Credit unions received a temporary reprieve when the Treasury Department and Federal Reserve delayed to next June 1 the compliance deadline for the regulations aimed at banning Internet gambling.

ARLINGTON, Va. -- Although credit unions and banks are often at odds, the ABA's Chief Economist Keith Leggett used an appearance before credit union executives to focus on areas of common ground.