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Top Stories

Duchess of Cornwall makes first visit to CU

Camilla, the Duchess of Cornwall--also known as the Duchess of Rothesay in Scotland--paid a visit Wednesday to Edinburgh-based Capital CU and proclaimed a fascination with credit unions.... More

Durbin files amicus brief in retailers' suit vs. Fed

CUNA will participate Monday in a call with the Clearing House Association and others to review the amicus brief filed Thursday by U.S. Rep. Richard Durbin (D-Ill.), the primary author of the debit interchange fee proposal in the Dodd-Frank Act, in support of retailers' lawsuit against the Federal Reserve's rule that implements the interchange fee cap.... More

Study: CUs' best practices on credit cards prevent loss

Credit card issuers who make their pricing unclear and are more aggressive in their marketing ended up eating more losses during the recession, according to a new study. But issuers with "best practices"--which tended to be credit unions and community banks--had fewer losses, the report said.... More

Auto leases' growth rate twice that of auto loans

Total U.S. auto lease balances rose 9% in March over a year ago, more than twice the growth rate of auto loan balances, which grew 4.2% during the same period, said a study conducted by Equifax and Moody's Analytics' CreditForecast.com.... More

Appeals court upholds NCUA's foreclosures from defunct CUs

An appeals court in Florida has upheld a decision allowing the National Credit Union Administration's foreclosures of 17 homes involved in distressed land deals made by defunct Huron River Area CU in Michigan.... More

Rules on mortgages fees, origination in the works, CFPB says

The Consumer Financial Protection Bureau this week previewed upcoming mortgage rulemaking, hinting that rules regulating mortgage origination points and fees, and addressing mortgage loan originators' qualifications and compensation, are under development.... More

CUNA calls for NFIP action in letter to Congress

The National Flood Insurance Program is scheduled to lapse at the end of this month, and CUNA this week urged members of Congress to "extend the authority of this crucial program or pass comprehensive reform" soon to ensure that NFIP coverage continues.... More

H&FF Radio: Spotlight on new grads and youth

Sunday's Home & Family Finance Radio program covers challenges facing new college graduates and youth financial education.... More

Credit unions tell Congress that regs are overwhelming

Terry West, VyStar CU CEO, along with five other witnesses, told a subcommittee too many regulations are threatening their existence.... More

CUNA estimates 1 million new members in first quarter

March estimates from CUNA show that credit unions continue to reap the benefits of Bank Transfer Day.... More

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