News

Although some data show that the economy is picking up, consumers are still wary.

Curtis Anderson, who previously served as vice president at Mountain America Credit Union's business lending program, has left to become vice president of business services at SouthWest Federal Community Credit Union.

The U.S. Senate may soon get some comic relief.

Some corporates are low-balling their members, paying below market dividends in an attempt to increase retained earnings, Corporate America Credit Union President/CEO Thomas Bonds told Credit Union Times today.

The new agency to regulate financial services products would be able to levy fines, subpoena information and consolidate consumer protection in one place, according to a draft of the legislation released today by the Treasury Department.

CUNA President/CEO Dan Mica said today that Treasury Secretary Timothy Geithner expressed understanding for credit unions' concerns about facing additional regulatory burden under the administration's plan to revamp the regulation of financial services.