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Top Stories

CUNA provides roadmap for reduced regulatory burden

CUNA sent a letter to Rep. Darrell Issa (R-Calif.) stating how the 112th Congress can help lessen the regulatory burden faced by credit unions.... More

NCUA applies salary freeze to part of work force

The National Credit Union Administration (NCUA) said yesterday it will apply President Barach Obama's recent executive-ordered federal pay freeze to those agency employees whose salary increases were not negotiated under existing union contracts. These employees' salaries will be frozen, NCUA Chairman Debbie Matz said, "and we will reduce our budget accordingly."... More

2010 bankruptcies up nine percent over 2009

Personal bankruptcies increased nine percent to more than 1.53 million in 2010, according to the American Bankruptcy Institute (The Wall Street Journal Jan. 3).... More

Obama signs NCUA bill

President Obama today signed a measure allowing the NCUA to pay directly into the Temporary Corporate Credit Union Stabilization Fund.... More

Bachus Questions Federal Reserve on Interchange Regulations

Rep. Spencer Bachus (R-AL) sent a letter to Fed Chairman Ben Bernanke with concern over Interchange proposed rules. ... More

CUNA keeps CU hum before administration officials

The Credit Union National Association (CUNA) continued to bring credit union issues before key administration officials this month, making important points during a recent follow-up meeting with the White House National Economic Council (NEC).... More

Number of delinquent mortgages rises

The number of delinquent mortgages rose while foreclosures also jumped in the third quarter, according to a report released Wednesday by federal regulators.... More

Scams zero in on home equity lines

Identity thieves are having a field day with scams, particularly lucrative ones aimed at home equity lines of credit (HELOC). Others have stepped up their card scams, and phishing and vishing efforts to take advantage of consumers' good will and inattention to details during a busy holiday season.... More

Potential good news for most CUs In Fed report

The Federal Reserve Board’s proposed debit card interchange rules would slash issuers’ revenue by $11.8 billion, cutting large issuers’ debit card revenue by 73 percent per transaction on average and making debit cards “significantly unprofitable,” according to a new report.... More

At least two financial institutions in Bay County targeted in credit card hacking operation

At least two local banks in Bay County have been targeted for credit card fraud. Investigators believe it's the work of a large scale hacking operation.... More