News

CHICAGO -- An executive with the Consumer Federation of America told payment industry executives that consumers' best choice for a payment method today is cash.

Credit unions holding capital in the conserved corporate credit unions should be able to share in the future recoveries of securities.

In yet another move to protect investors, the Securities and Exchange Commission has proposed a list of protections that aim to scrutinize how and if investment advisers are handling their client's assets properly.

The IRS erroneously levied the unrelated business income tax on three financial products sold by the Community First Credit Union, a federal jury in Green Bay, Wis. ruled yesterday.

The $3 billion Randolph-Brooks Federal Credit Union has been named the Small Business Administration's top 7(a) program lender in the small lending category.

The consumer price index was unchanged in April from the previous month but falling energy prices resulted in the index being 0.7% below the same month last year, the Labor Department reported today.