MADISON, Wis. - A plan to allow Wisconsin credit unions broader powers to participate in bank-originated loans is being opposed by the state's bankers. The change to rule DFI-CU70 would allow Wisconsin state-chartered credit unions to engage in loan participation contracts with one or more credit unions or other financial...

IRVINE, Calif. - The first big corporate acquisition in the financial technology space this year might have been a bit of a surprise to industry observers who were expecting to see continued consolidation in the core processing arena. ALLTEL Corp. last week sold the financial services division of its ALLTEL...

TALLAHASSEE, Fla. - The Florida Financial Services Commission has adopted a reorganization plan for the state's new Office of Financial Institutions and Securities Regulation that includes for the first time, a Bureau of Credit Unions. The Commission includes Gov. Jeb Bush, Chief Financial Officer Tom Gallagher, and two other state...

It is an oft-heard, albeit whispered remark coming from certain corners of the credit union community that the time for CUSOs has come and gone and that we are at the dawn of a new age of expanded powers for credit unions, ushered in by the relatively recent advent of...