Credit unions have been attacked by bankers with eight general claims against raising credit unions' member business lending cap, but those claims do not stack up under scrutiny, according to an analysis by CUNA.... More

The National Credit Union Administration has followed up its recent lawsuit against Wells Fargo Investment Advisors by also filing suit against the former auditors of now defunct New London Security FCU, Ed Lorah & Associates, L.L.C.... More

Several media reports--including Sunday's Parade magazine--this week focused on consumers trying a credit union, and credit unions' push to increase member business loans (MBL) and lift their MBL cap. ... More

U.S. Treasury Secretary Tim Geithner on Tuesday called for the government to "begin the process of fundamental reassessment and reform" of Fannie Mae and Freddie Mac.... More

Washington Gov. Christine Gregoire Monday signed a law that will encourage financial institutions to take extraordinary measures to protect consumers from identity theft and financial fraud, said the Washington Credit Union League.... More

Thursday's CUNA audio conference focusing on Small Business Administration lending has added four speakers, CUNA said. ... More

Final rules to restrict the fees and expiration dates that may apply to gift cards, and to require that gift-card terms and conditions be clearly stated, become effective Aug. 22, according a Federal Reserve Board announcement.... More

Oral arguments originally scheduled for today in Hudson Valley FCU's challenge against a New York state assessment required on credit union mortgage loans have been postponed until April 13.... More

With sales of new U.S. homes unexpectedly falling in February to the lowest level on record, it will be a long, arduous process for the sector to recover, Bill Hampel, CUNA chief economist, told Bloomberg Wednesday. ... More

Nine of its member institutions were seriously damaged in a Jan. 12 earthquake and three were destroyed, reported officials at La Fédération des Caisses Populaires Le Levier, an organization serving 50 caisses populaires, or credit unions, throughout Haiti. ... More