News

With this the 51st and final issue of 2006, Credit Union Times offers up holiday wishes to all of our subscribers and advertisers. Pictured here are members of the editorial and production team. The group recently held its traditional annual holiday dinner in Red Bank, N.J. (Back row, from left)...

Senator-elect Bernie Sanders (I-Vt.), then-ranking member of the Financial Institutions and Consumer Credit Subcommittee, has requested a Government Accountability Office study of several issues concerning the cost of banks to the American taxpayers.

The Centrix Financial Chapter 11 bankruptcy prompted a new reminder from NCUA last week about CUs having "effective controls" in place to handle third-party risk.

NAFCU President Fred Becker, in response to NCUA's request for comment on the Proposed Illustrations of Consumer Information for Nontraditional Mortgage Products and the Proposed Illustrations that were simultaneously issued with the Interagency Guidance Regarding Nontraditional Mortgage Products by the five federal regulatory agencies, has written NCUA and expressed his...

The U.S. Computer Emergency Readiness Team, a division of the Department of Homeland Security, recently issued an advisory about a possible cyber attack on U.S. financial institutions.

NCUA and the other federal financial regulators last week issued a revised interagency policy statement on the Allowance for Loan and Lease Losses, supplemented with frequently asked questions.