News

President Obama's proposal to transfer a key student loan program from financial institutions to the government would hurt credit unions and students.

A panel of federal judges will meet on May 27 in Louisville, Kentucky, to hear oral arguments on whether lawsuits brought by financial institutions, consumers and investors against Heartland should be rolled into class action cases.

Martin Eakes, president/CEO of Self-Help Credit Union, will speak at a June summit on how green job development and clean tech investment may help turn the economy around.

President Obama yesterday named Deborah Matz, an NCUA board member from 2002-2005, to be the new chairman.

President Obama is scheduled to sign legislation this afternoon that will place tighter restrictions on credit unions and other credit card issuers.

The financial malaise hitting Nevada credit unions and banks "is by no means over" and it is a good thing the state recognized regulatory needs early on, the state's top supervisor, George Burns, said Thursday.