News

Washington Mutual Inc. recently announced that it has eliminated some of its riskiest subprime mortgages to borrowers with poor credit or heavy debt. Other major banks feeling the sting of the subprime securities market and rising deterioration in the credit quality of mortgage and home equity lines have set aside...

While in Hawaii for NAFCU's 40th Annual Conference, NCUA Vice Chairman Rodney Hood visited with Hawaii's two NeighborWorks America affiliates to better understand their work.

While the eventual legal outcome of lawsuits filed against credit unions by Lyndon Insurance, including The CU of Texas, may drag on, Credit Union Times has learned that Lyndon assured the NCUA back in late August 2005 that it was not aware of loan alterations changing coverage of Centrix loans.

Contrary to recent published reports, NCUA said it has not issued a prepared proposal regarding "hostile" takeovers within the credit union industry.

Contrary to recent published reports, NCUA said it has not issued a prepared proposal regarding "hostile" takeovers within the credit union industry.

The Smart Card Alliance, an association of companies working in the smart card industry, has praised the Federal Reserve for a regulatory change which the Alliance said will help advance smart cards.