News

Visa Inc. has joined MasterCard Worldwide to attack some of the claims that the 7-Eleven convenience chain is making about its recently delivered petition on card interchange.

Retailers and card issuers are frequently lined up across from each other along the issue of credit and debit card interchange. But the issue still sometimes makes strange allies.

Members of the $54 million KV Federal Credit Union, headquartered in August, Maine have voted to remain a credit union, according to John Murphy, CEO of the Maine Credit Union League.

The flurry this week of NCUA-engineered takeovers of failed credit unions in the West and Southwest is shedding new light on both the strategies of large, well capitalized CUs making the acquisitions as well as the NCUA process itself.

If California Attorney General Jerry Brown's investigation into the three major credit rating agencies turns up any violations of California law and sets a legal precedent, will the NCUA file suit to recover losses

With speech making, picture taking and a cookout, CUNA's leadership all but wrapped up year-long anniversary celebrations last week marking the founding of credit unions with a gathering in Estes Park, Colo., to commemorate CUNA's chartering 75 years ago.