HONG KONG -- World Council of Credit Unions Chairman Melvin Edwards fears the current period of instability in many of the world's financial markets less than a regulatory backlash which might arise because of it.

WASHINGTON -- In the wake of the severe conditions in the housing market, the Senate late Friday passed a measure aimed at providing relief to those affected by the subprime crisis in part by expanding the availability of government-insured mortgages.

DALLAS -- Running against the current trend which has been away from credit unions selling their card portfolios, TNB Card Services announced it has purchased a CU card portfolio worth $10 million.

HONG KONG -- JULY 13-- Even though the World Council of Credit Unions reports that only three of the attendees at this year's World Credit Union Conference are from the People's Republic of China, the bulk of the economic giant rested high in the mind of other attendees.