The legislative battle in Ohio over credit unions receiving public funds is heating up this month with a House bill introduced last Friday drawing fire from the banking lobby.

The House Financial Services Committee could deal with the question of whether the proposed Consumer Financial Protection Agency will be able to preempt state consumer laws when it resumes the markup of legislation tomorrow.

Financial Service Centers Cooperative has announced that 14 credit unions on the island of Puerto Rico have banded together to begin to participate in shared branching through its national shared branching network.

CHICAGO -- Forecasting credit union key measures for year-end and 2010 is a "visceral" and "from the gut" process these days, CUNA top economist Bill Hampel told AICPA National Conference for Credit Unions attendees here.