News

Working off the recent federal cap on payday loans to military service members, the Center for Responsible Lending, Consumer Federation of America and National Association for the Advancement of Colored People have begun working to get as many states as possible to limit all payday loans to charging interest rates...

The Congressional and banking furor over Wal-Mart Stores' foray into retail banking hasn't dimmed the credit union march into striking deals for more of the in-store branches.

The Government Accountability Office's study on NCUA's independence as a regulator has not garnered the attention of the one on credit union service to those of modest means, but it too has a story to tell.

The NAFCU Board will make the trip to Washington again this year to visit with the governors of the Federal Reserve Board and talk credit unions.

The U.S. Department of Housing and Urban Development endorsed 6,375 reverse mortgages in July and 62,034 through the first 10 months of FY 2006. FHA endorsed 43,131 loans for all of FY 2005. Year-to-date totals represent an 85% increase over the 33,543 loans endorsed during the same period last year.

NAFCU has promoted one of its governmental affairs staffers.

Special Report: Facilities When to branch out and where? Turn to the facilities special report on pages 22-24 to see how credit unions are handling that age old question. Leading SBA Lenders Credit unions are quickly becoming strong SBA lenders. See who leads the pack on page 17.

This Thanksgiving, needy families in Maine had something for which to be thankful.