Summit Credit Union members have got oodles to be thrilled about.With an eye on reinforcing its value to its members and the communities served, the Madison, Wis.-based credit union has launched Oodles, a membership rewards program.

The trades last week came out against principal forgiveness, an idea floated by Federal Housing Finance Agency Director Edward DeMarco. Political observers, however, noted that he has long been opposed to debt forgiveness and may be simply responding to consistent pressure from the Democratic Party.

The Consumer Financial Protection Bureaus proposed remittance regulations could force credit unions to stop providing the service, said CUNA and NAFCU in letters submitted to CFPB Executive Secretary Monica Jackson.

The merger game its timing, procedures and practices is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.