News

Microlending is appropriate in some cases, but for those among the world's lowest income brackets, savings is the best solution.

WASHINGTON - Because credit unions "in no way'' caused the current financial crisis, there is no reason to impose further restraints on them, House Financial Services Committee Chairman Barney Frank told CUNA's Governmental Affairs Conference today.

WASHINGTON - Praising credit unions for their work on behalf of working Americans, Senate Banking Committee Chairman Christopher Dodd (D-Connecticut) said today that "I regret you are paying the prices for errors made by others."

Though Congress was away last week, CUNA and NAFCU continued to encourage lawmakers to make changes to the Central Liquidity Facility

Eight credit unions are now beta testing a lead-generation tool that matches consumers seeking loans with participating credit unions after the consumers buy a credit report.

Fiserv Inc. said one of its largest customers, wireless giant Verizon Communications, has signed a multiyear extension for the company's electronic bill pay solution.