News

The economy's continued weakness will persist through 2011, and high unemployment will keep causing consumer confidence to sag, Federal Reserve Chairman Ben Bernanke told the House Financial Services Committee today.

House Financial Services Committee Chairman Barney Frank today announced he would postpone marking up a measure to create a new consumer protection agency until September.

The NCUA and other financial services regulators are seeking public comment on revised interagency questions and answers on flood insurance.

A South Carolina credit union says big bank credit card issuers are partially responsible for giving his CU a spike in its credit card balances.

Continental Federal Credit Union has seen an increase in loan workouts and debt restructuring as a result of Continental Airlines' troubles, including the 1,700 job cuts the carrier announced today.

The failures of two $1 billion banks right in the backyard of the California/Nevada Credit Union League were setting off marketing alarm bells this week among area credit unions.