News

Citing the provisions that would allow the Federal Reserve to regulate interchange fees, CUNA and NAFCU both expressed opposition to the regulatory restructuring bill that the Senate passed 59-39 last night.

Since its mid-March launch, 78 credit unions have adopted CU*Answers new mobile banking service, the core processing CUSO said.

John Shepherd-Baron, the Scotsman who has been recognized as the inventor of the Automated Teller Machine has died in Inverness, Scotland. He was 84.

The SBA recently honored Dupaco Community Credit Union with its 504 First Mortgage Lender of the Year award for the state of Iowa.

On a mostly party-line vote, the Senate voted today to spend no more than 30 additional hours debating the bill that will overhaul the regulation of financial services.

ALEXANDRIA, Va. -- There is a good chance that the reserves set aside for losses in the NCUSIF "won't be sufficient," to cover the losses at some of the large credit unions.