News

Open Solutions Inc. was downgraded by Moody's Investors Service to a corporate family rating of B3 and ratings outlook of negative and, as of March, was listed as a 'Bottom Rung' company.

Troubles continued to mount Friday for the now-closed Central States Mortgage Corp., hit by a state judge's order effectively freezing $2.3 million in assets and the reported dismissal of key management earlier in the week.

NCUA Chairman Michael E. Fryzel and NASCUS Chairman George Reynolds are both scheduled to discuss their views on how best to structure the regulation of financial services during a hearing next Thursday being held by the Senate Banking Committee.

Employees of credit unions that are NAFCU members interested in learning about how to use Fannie Mae's software for use when doing home refinancing can participate in a live Webcast on March 25.

President Obama's top economic adviser said today that the economy would benefit from a little more greed, just not too much.

The Small Business Administration will host a Web chat to help decipher what the newly-signed American Recovery and Reinvestment Act really means for small businesses.