News

WASHINGTON -- More than 15 civil rights, consumer and housing groups joined together to issue a statement condemning the U.S. Senate for refusing to include changes in the bankruptcy code in the Foreclosure Prevention Act.

WASHINGTON -- Officials of the Federal Reserve, the Securities and Exchange Commission and the Treasury Department faced stark question about their respective roles and responsibilities in organizing the buy-out of Bear, Stearns by JPMorgan Chase three weeks ago.

WASHINGTON -- Seeing strong Republican opposition to allowing bankruptcy judges to alter terms on the mortgages of primary homeowners--as they are already empowered to do for vacation homes, yachts and investment properties--Senator Dick Durbin (D-Ill.) withdrew his amendment to the housing bill late yesterday.

MADISON, Wis. -- LaserTech, the electonic printing company that provides statement printing services to numerous credit unions has shut down unexpectedly.

INDIANAPOLIS -- Credit unions in Indiana and abroad may be bracing for the aftermath of ATA Airlines, which shut down today leaving passengers stranded and more than 2,200 employees without jobs.

WASHINGTON -- Credit Union Miracle Day, Inc., sponsors of the 36th annual Credit Union Cherry Blossom 10-Mile Run(R), announced today that it has exceeded its goal of raising $1 million for the Children's Miracle Network.

HONOLULU, Hawaii -- Aloha Airlines Federal Credit Union said it is ready to assist members impacted by the shutdown of Aloha Airgroup, Inc. which ceased operations on March 31.

WASHINGTON -- The Senate is currently debating housing legislation, with several amendments to the base package under discussion. Senator Durbin's (D-Il.) amendment to allow bankruptcy judges to amend mortgage terms was introduced and four Republicans, including Sam Brownback of Kansas spoke against it.