News

The NCUA should regulate corporate credit unions use of capital more closely to avoid a recurrence of the problems that have plagued that system, the American Bankers Association told the agency today.

ATM manufacturer NCR corporation is highlighting an aspect of its machine's software that is able to withstand an "insider" placing malware on it machines.

A state lawmaker in Massachusetts has filed a legislative measure which would cap card interchange, according to media reports.

By unanimous consent, the Senate has confirmed Karen Gordon Mills as the next administrator of the Small Business Administration.

The 15-item list of practices determined by the Florida Office of Financial Regulation to be unsafe for the Eastern Financial Florida Credit Union's continued existence runs the gamut.

Unemployment rose to 8.5% in March-the highest level since November 1983-as businesses cut 694,000 non-farm jobs, the Department of Labor reported today.

Credit unions are capable of handling the corporate crisis on their own "without asking for a government bailout," according to the outgoing chairman of the Missouri Credit Union Association, Betty Clark.

Up against a series of fast-approaching deadlines, Eastern Financial Florida Credit Union is working to comply with a cease and desist order of unsound and unsafe practices, said the Florida Office of Financial Regulation.