In a move to improve its global corporate and investment banking unit, Bank of America said yesterday it plans to lay off 3,000 employees.

The Texas Credit Union Commission recently approved a rule that prohibits a credit union from offering a merger inducement to another credit union's members as a means of promoting a merger of the two credit unions.

The Emergency Home Ownership and Mortgage Equity Protection Act (H.R. 3609) is in limbo after House Judiciary Committee is rethinking a mark up of the bill today.

NCUA announced today that it has put its disaster relief policy into effect to help credit unions and their members impacted by the California wildfires.