News

WASHINGTON -- CUNA and NAFCU are both urging lawmakers to eliminate or delay the implementation of a measure to require payment card processors to report how much stores and restaurants receive from debit and credit card transactions.

PLANO, Texas -- Taking note of the continuing surge in U.S. foreclosures, Southwest Corporate Federal Credit Union Thursday pointed to adjustable-rate mortgages and subprime loans as contributing to high levels of foreclosures in Nevada, California and Arizona.

WASHINGTON -- Any effort to improve the way financial services are regulated should include giving credit unions a risk-based capital system because it would benefit consumers, CUNA President Dan Mica wrote chairman and ranking Republican of the House Financial Services Committee.

WASHINGTON -- Despite their recent problems in light of the subprime crisis, Fannie Mae and Freddie Mac are "adequately capitalized," Treasury Secretary Henry S. Paulson told lawmakers today.

SAN DIEGO, Calif. -- NCUA Vice Chairman Rodney Hood announced the launch of a new agency initiative to NAFCU Annual Convention goers yesterday. Blueprint 20/20 will help credit unions attract a new generation of interns, new hires, volunteers and members to the industry.

SAN DIEGO, Calif. -- NCUA Vice Chairman Rodney Hood drew the loudest cheers from yesterday afternoon's NAFCU convention crowd when he announced something he doesn't support: making credit union executive compensation public.