News

Western Corporate FCU has hopped aboard the American Debt Relief Challenge train, featuring the program today in its monthly Credit Union Essentials Webcast, in an attempt to help credit unions find new revenue streams.

NAFCU President Fred Becker said he's sending another letter to the NCUA, accusing the agency of inconsistent reporting in its refusal to release specifics regarding corporate losses.

Interest rates on credit cards could not exceed 18% under the provisions of an amendment to be introduced by four lawmakers on Thursday.

The NCUA's proposal to create a stabilization fund for corporate credit unions will be included in a housing bill that the Senate is scheduled to consider on Thursday.

FDIC Chairwoman Sheila Bair urged lawmakers to give her agency the power to regulate more troubled financial institutions as a way to cause less damage to the overall financial system.

PSCU Financial Services, the payments CUSO serving over 500 credit unions that process their card transactions on the First Data platform has lobbied a financial ratings firm on behalf of credit unions.