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CHARLOTTE, N.C. - It looks like consumers will jump on bill pay if they're not paying for it. Six months after announcing free online bill payment for new customers, Bank of America said it has reached a record 1.5 million active, online bill payers. The bank said the following: *...

NEW YORK - New York Mayor Michael Bloomberg has vetoed the city's recently passed anti-predatory lending law. The measure was considered among the toughest in the country and had drawn threats from banks, including Citigroup, to stop mortgage lending in the city if passed. Some credit unions are among the...

WASHINGTON - CUNA ranked 59 out of the top 100 campaign contributors since 1989 in a Center for Responsive Politics (CRP) study, making nearly $8 million in contributions since that time. What sparked credit unions' interest in political giving was the AT&T Supreme Court ruling from 1998 that strictly limited...

Add my name to those who agree with Jim Blaine, president/CEO, State Employees CU in Raleigh, N.C. Credit unions do not need bankruptcy reform. City-County CEO Dean Nelson could not have made that point more clearly than when he stated his credit union has a charge-off rate of .45%. A...

NAPLES, Fla. - Attendees of CUNA's Lending Council Conference that will be held at The Registry Hotel here Nov. 10-13 will have the opportunity to hear from a long roster of experts on factors affecting their consumer, mortgage and auto loan portfolios and strategies. Among the list of speakers at...

PRINCETON, N.J. - Electronic bill presentment and payment firm Princeton eCom has named R. Craig Kirsch CEO. Kirsch has served as the company's interim CEO since December 2001. He also serves as a member of the Princeton eCom Board. During the first 10 months of 2002, with Kirsch as CEO,...

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar has announced a New England "Access Across America" workshop sponsored by the agency to be held November 14. The workshop, happening in Westborough, Mass., will focus on partnership opportunities for credit unions with the Neighborhood Reinvestment Corporation (NRC) and its NeighborWorks System. "This workshop will...

NEW YORK - The Consumer Confidence Index dropped to 79.4 in October, the lowest level it's reached since November 1993, according to The Conference Board's monthly survey. Consumer confidence has been steadily dropping for four consecutive months. In September it was 93.7. According to The Conference Board survey, respondents rating...