NEEDHAM, Mass. - One of the byproducts of the Internet revolution was predicted to be the explosive growth of person-to-person (P2P) payments, at the cost of transaction volume at the traditional payment processors, including credit unions. While there's still growth in that area, most notably in eBay-type auctions, it's been...

ARLINGTON, VA - NAFCU has joined four other bank trade groups and five large bank credit card issuers in a suit against the California attorney general to prevent the state from putting into effect a law that would dramatically change the way credit unions and banks manage California residents' credit...

ALEXANDRIA, Va.-NCUA employees have to learn to take their lumps. For the first time, NCUA gave employees a lump sum of a portion of their pay raises up front in March and spread the remainder out through the rest of the year. NCUA Executive Director Len Skiles said that he...

WASHINGTON-While credit unions have not been lobbying for the deposit insurance reform legislation (H.R. 3717), they have been looking for parity in its language. Under the bill passed by the House two weeks ago, credit unions would receive parity over the deposit insurance coverage issue, but many still cannot receive...