News

WASHINGTON -- In an effort targeted at pumping liquidity into the credit system, the federal regulator for Fannie Mae and Freddie Mac, the Office of Federal Housing Enterprise Oversight yesterday reduced the capital they are required to hold against losses.

TOPEKA, Kan. -- Apparently on a fast track and with banker-backing, the Kansas field of membership bill, which would impose limits on statewide branching, passed the state Senate 35-2 Wednesday.

WASHINGTON -- Congressman Barney Frank (D-Mass), Chairman of the House Financial Services Committee today proposed sweeping changes to the way the Federal Government regulates the financial services sector.

PORTLAND, Maine -- Maine credit unions are warning that a breach at a retail food chain popular in New England has the potential to bring them more card fraud than did the massive breach at the TJX retailer.

LINO LAKES, Minn. -- Six credit unions are planning to soon convert their core processing to Sharetec Systems Inc.'s platform, the company said.

LINO LAKES, Minn. -- Six credit unions are planning to soon convert their core processing to Sharetec Systems Inc.'s platform, the company said.

DEARBORN, Mich. -- Members of the $1.8 billion DFCU Federal Credit Union who have won a court decision mandating the CU hold a special meeting and allow them to see its records relating to a failed charter conversion are not yet sure how they want to proceed.

DEARBORN, Mich. -- Members of the $1.8 billion DFCU Federal Credit Union who have won a court decision mandating the CU hold a special meeting and allow them to see its records relating to a failed charter conversion are not yet sure how they want to proceed.