News

If the Basel Committee of Banking Supervision doesn't take financial cooperatives into consideration as it ponders stricter capital requirements, it won't be for a lack of trying.

While there continues to be speculation on the recipient of $10 billion in liquidity loans to two "problem" credit unions, NCUA is standing firm saying it never reveals who receives such loans.

There now are 200 credit unions and other lenders using the automated direct, indirect and merchant lending software platforms from Teres Solutions, the company said.

FORT LAUDERDALE, Fla. - Wayne Best, chief economist for Visa USA, maintains that opportunities continue to market cards even in the economic downturn.

The NCUA said today it has assumed control of the operations of $1.6 billion Eastern Financial Florida Credit Union.

The Los Angeles-based ByDesign Financial Solutions, which does business as Consumer Credit Counseling Services in several California markets, has announced its merger with the Richmond, Va.-based ClearPoint Counseling Solutions, effective May 1.