News

WASHINGTON -- No one has introduced federal legislation addressing credit card interchange yet, but when they do at least one proposed bill may include protections designed to help credit unions and other small card issuers, according to a hill staffer.

WASHINGTON - The credit union system has thrived in large part because of the corporates and that's why the NCUA is working hard to come up with a viable rescue plan, NCUA Board Member Gigi Hyland said today.

Despite calls for transparency, the NCUA will not be sharing the methodology PIMCO is using to determine the scope of corporate investment losses.

Low and moderate income Hispanics who need help with their tax returns will receive free assistance thanks to a Network of Latino Credit Unions and Professionals and IRS alliance.

WASHINGTON -- Executives attending CUNA's GAC, whose companies' process credit and debit cards for credit unions, say they are almost certain that there is another card data security breach in the works, but declined to say where the breach might be.

WASHINGTON - Those trying to improve the economy and get more benefits for credit unions will lose their battle "if we get selfish and self protective," Rep. Paul Kanjorski (D-Pa.) said today.