The management team of the now-defunct Norlarco Credit Union inadequately managed its residential lending program, while NCUA and Colorado regulators didn't monitor the credit union closely enough or pay attention to safety and soundness concerns.

Credit unions holding capital in the conserved corporate credit unions should be able to share in the future recoveries of securities.

In yet another move to protect investors, the Securities and Exchange Commission has proposed a list of protections that aim to scrutinize how and if investment advisers are handling their client's assets properly.

The consumer price index was unchanged in April from the previous month but falling energy prices resulted in the index being 0.7% below the same month last year, the Labor Department reported today.