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Top Stories
Consumers should check out credit cards issued by credit unions to cope with an environment of new credit card fees and rules changes, USA TODAY said Tuesday. ... More
A bill that would expand the definition of a robbery has passed the Pennsylvania House, according to the Pennsylvania Credit Union Association, which supported the measure.... More
Credit union members have shifted from spenders to savers during an all-time low interest-rate environment. Now credit unions must prepare to deal with members' price sensitivity on the deposit and lending sides--while trying to rebuild balance sheets damaged by the economy and a record low interest rate environment.... More
Financial regulatory reform should include some "streamlining" of federal regulation to keep credit unions and other financial institutions out of the bog of repetitive regulations, but must also ensure credit unions continue to have their own regulator, CUNA President/CEO Dan Mica told a gathering of Washington insiders at the National Journal's "Power Breakfast" Wednesday.... More
The National Credit Union Administration has transferred a lawsuit against Western Corporate FCU's former directors and current and former officers from the Los Angeles Circuit Court, a state court, to the U.S. District Court for the Central District of California. ... More
The National Federation of Community Development Credit Unions' board has voted to make an additional $1 million in secondary capital available as matching funds for member community development credit unions that might not be immediately eligible for Community Development Capital Initiative investments. ... More
The Federal Trade Commission this week issued for public comment proposed rules that would change its current rules for for-profit companies that provide mortgage assistance relief services. ... More
Credit unions seeking ways to serve members with small businesses need to be alert to cyberattacks against the online banking accounts belonging to small and mid-size businesses and make sure their authentication processes can handle the attacks.... More
There are many reasons why credit unions "have skyrocketed in popularity" with Mississippi consumers, according to Charles Elliott, president/CEO of the Mississippi Credit Union Association. ... More
Phone calls about ATM cards, purporting to be from CUNA, flooded the Park Hills, Mo., area last weekend, said a local newspaper. The calls are a phishing scam and are not from CUNA.... More
