Food and water--and later bricks and mortar--will be purchased with funds donated to the World Council of Credit Unions' (WOCCU) Haiti Disaster Relief Fund. Meanwhile, key WOCCU staff arrived in Haiti Tuesday to deliver much-needed supplies for WOCCU's 16-member staff in Haiti.... More

In the final rule issued last week that implements provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, the Federal Reserve Board indicated that credit unions that have a floor on their variable rate credit cards may not take advantage of the variable rate exception when increasing the annual percentage rates of those cards.... More

Amy Sohn, author of the new novel Prospect Park West, has moved all her money to Actors FCU in New York. In a blog entry to the Huffington Post, she explained why. ... More

CUNA in a Tuesday letter commented on portions of Federal Reserve Board rules which implement the Helping Families Save Their Homes Act that require financial institutions to notify consumers if their mortgages have been sold or transferred to another party. ... More

The full Congress returns to work this week for the first time in 2010, and while credit union concerns will not be addressed in legislation this week, there will be a busy schedule, with plenty of hearings on the docket.... More

WOOCU staff arrived in Haiti to bring supplies to the existing staff in the country and asses the damage to the country's credit unions. ... More

An aftershock that measured 6.1 magnitude rattled Haiti Wednesday morning, adding to the challenges of getting relief to more than three million homeless people, including members of the country's 175 credit unions affected by the Jan. 12 earthquake.... More

CUNA President/CEO Dan Mica contacted Senate leaders Wednesday and denounced bankers' efforts to dissuade lawmakers from supporting a bill that would create more than 100,000 jobs by removing the credit union member business lending cap.... More

Credit unions and banks that issued Visa payment cards compromised by the Heartland Payment Systems data breach, the largest in history, should carefully review the proposed settlement between Heartland and Visa, say three attorneys in the case.... More

The National Credit Union Administration has filed a motion to dismiss Corporate Central CU's lawsuit seeking a refund of $6 million in capital shares from U.S. Central FCU. ... More