News

Credit union executives and volunteers wanting to learn more the Federal Housing Administration and its work with credit unions can still sign up for tomorrow's NAFCU-sponsored Webcast featuring FHA Commissioner David H. Stevens.

About half of those online bankers who do visit fraudulent phishing sites pretending to be from their financial institution serve up their log-in credentials, according to Trusteer, an international anti-phishing specialist.

With news that its reorganization plan has been confirmed, CIT Group Inc. said today it anticipates emerging from Chapter 11 bankruptcy as soon as Thursday.

In 2010, investment professionals at CUSOs, credit unions and other financial institutions should expect to see more disclosure recommendations from the SEC on things like target date funds and 12b-1 fees.

Credit unions had $241 billion in outstanding consumer credit in October, up from the revised figure of $240.6 billion in September, according to data released yesterday by the Federal Reserve.

Judges could be allowed to reset the terms of mortgages and all credit unions would be exempt from the Consumer Financial Protection Agency.