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Alloya, Central Corporate signal intent to merge

The boards of Alloya Corporate FCU and Central Corporate CU have signed a non-binding letter of intent to merge the two corporates.... More

CFPB begins mortgage rule discussions

The Consumer Financial Protection Bureau Tuesday said it is considering a series of new mortgage rules that aim to increase transparency and accountability in the market.... More

NCUA's Myers outlines CU benefits in MarketWatch

Bill Myers, director of the National Credit Union Administration's Office of Small Credit Union Initiatives, discussed credit unions' benefits to consumers, and more complex issues facing small credit unions in a recent MarketWatch interview.... More

Kiplinger slideshow features, '7 CUs anyone can join'

An online slideshow on kiplinger.com features "7 Credit Unions Anyone Can Join," and directs consumers to a link for asmarterchoice.org, the online credit union locator tool.... More

Minnesota CUs launch 'Bankziety' campaign

The Minnesota Credit Union Network has launched its "Bankziety" campaign, a response to consumer frustration with banks and a showcase for credit unions as an alternative.... More

More media report CUs' stand on MBLs

More small businesses are letting media know how credit unions have helped them through a tight credit market. Their support comes at a time when credit unions, leagues and CUNA are pushing for Congress to raise credit unions' member business lending cap so credit unions can help more small businesses and the economy.... More

Senate bill would require pre-loan student counseling

Legislation that would require schools to counsel students before they take out private student loans, and would help students research their own federal student loan eligibility, has been introduced in the Senate.... More

CUNA seeks comment on FinCEN due diligence plan

CUNA is seeking credit union comment on how the Financial Crimes Enforcement Network's proposed changes to consumer due diligence rules would impact credit union operations and compliance procedures.... More

Some CUs could be forced out of remittances: CUNA

Credit unions need meaningful relief from the Consumer Financial Protection Bureau's recently adopted final regulation on remittances, CUNA Deputy General Counsel Mary Mitchell Dunn wrote in a comment letter filed yesterday with the agency.... More

Kansas appeals court ruling favors CU in state tax case

A Kansas appeals court has overturned an order by the Kansas Court of Tax Appeals, with the higher court saying that Wichita-based Cessna Employees CU is exempt from a state retailers' tax on travel-related expenses that were passed on to the credit union in a vendor's invoice.... More

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