Regulatory & Compliance

The case of the Pennsylvania federal credit union being sued for allegedly not having labeled its ATMs with the required fee notices is meandering through the legal process.

Deposits in corporate credit unions will be guaranteed for an additional three months.

Heartland Payment System, blamed for what could be the largest card data breach in U.S. history, said the fallout has cost the company $32 million so far this year.

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."

Hopeful signs were starting to appear this week for credit unions and their regulators in a score of states gripped by revenue crises.

NCUA Chairman Michael E. Fryzel, CUNA President/CEO Dan Mica and NAFU President Fred Becker congratulated NCUA Chairman-Designate Deborah Matz, who was confirmed today by the Senate.