News

TOPEKA, Kan. -- Following negotiations between the bank and credit union lobbies, the Kansas legislature appears to be headed this week toward passing compromise legislation putting new limits on field of membership expansion.

WASHINGTON -- In an effort to make it easier for lenders to work with, the Small Business Administration today released its modernized Standard Operating Procedure for lender and development company loan programs.

SAN DIMAS, Calif. -- OnDeck with Dwight Johnston, a weekly podcast produced by Overland Studios and presented by Western Federal Credit Union, has been selected over 14,000 entries as a bronze Telly Award winner in two categories, nonprofit and education.

SACRAMENTO, Calif. -- The California Department of Financial Institutions will swear in new DFI commissioner Bill Haraf during the league's Government Relations Rally April 7 or 8, according to outgoing league vice president of state government affairs Ron Fong.

DEARBORN, Mich. -- The $1.8 billion DFCU Federal Credit Union has said it is disappointed with Michigan Judge Cynthia Stephens decision for some of its members and against the CU in a long running legal dispute.

NEW YORK -- The financial markets saw one of their best days in months yesterday, a move attributed to the Federal Reserve's interest rate cuts and, to a lesser extent, by an extremely strong initial public offering of stock from Visa Inc.