News

The Small Business Administration will host a Web chat to help decipher what the newly-signed American Recovery and Reinvestment Act really means for small businesses.

Even the AARP is not immune to economic woes. The retiree advocacy group said it will have to temporarily suspend employer matches for its 401(k) program.

uMonitor, the Memphis-based member acquisition and retention specialist, said it is renewing its contract and expanding its relationship with $4.1 billion Star One Credit Union in Sunnyvale, Calif.

The NCUA plans to issue rules on overdraft protection to align its rules with those of the Federal Reserve and other financial regulators at its meeting next Thursday.

Saying that expanding the Community Reinvestment Act to include credit unions will expand housing opportunities, Rep. Eddie Bernice Johnson (D-Texas) today introduced a bill that would do that.

Aiming to blunt negative fallout from the closing of Central States Mortgage Corp., the Wisconsin Credit Union League said the problems at CSMC are an anomaly as distinguished from a "healthy growing industry with a strong performance in 2008."