WASHINGTON (3/14/14, UPDATED 9:59 a.m. ET)--Voting 55-0, the House Financial Services Committee passed a bill to broaden credit unions' ability to apply for Federal Home Loan Bank membership. The bill was one of three passed over two days, all strongly supported by CUNA.2014-03-14T00:00:00-05:002014-03-15T05:09:08Z
Denver-area corporate did not reveal if new members paid in capital to join.
Bill that would prevent patent abuse will be considered by the Senate Judiciary Committee on March 27.
Read about this week's credit union industry career moves.
The NCUA approved only about half as many mergers in January as it did two years earlier.
Purchase mortgages are down 15% from MBA forecasts, but this winter's inclement weather is at least partly to blame.
National Credit Union Administration board member nominee J. Mark McWatters said at his confirmation hearing Thursday that a risk-based capital approach "makes sense" for credit unions, but warned the "devil is in the details" of any proposal.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
Credit unions and their members continue to contact federal lawmakers about preserving the credit union tax status--and this time it was to thank House Ways and Means Committee members for not touching credit unions in the committee's draft tax code reforms.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
Rep. Ed Royce (R-Calif.), as expected, introduced a credit union relief bill Thursday that would exempt loans for one- to four-unit non-occupied dwellings from the member business lending cap.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
The Homeowner Flood Insurance Affordability Act (H.R. 3370) can now move on to President Barack Obama's desk to be signed into law after the Senate approved the bill on Thursday.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
For new-car buyers conforming to the growing trend in auto sales, it might be six years--or 72 months of car payments--before they own their vehicles outright.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
A team of security specialists. A $1.6 million malware detection tool. Compliance with payment card industry standards. According to a report in Thursday's
, Target didn't react to the red flags that went up--resulting in the compromise of more than 40 million credit and debit card numbers and 70 million addresses, phone numbers and other personally identifiable information.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
You won't find credit unions listed on any stock exchange. That was among the ways that John H. Murga, president/CEO of $109 million-asset Hidden River CU, Pottsville, Pa., distinguished credit unions from banks in an op-ed piece that appeared in the March 12 issue of the
An improvement in foreclosure numbers unseen in seven years was reported this week by RealtyTrac in its U.S. Foreclosure Market Report for February.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
New law will give relief to homeowners facing steep rate hikes due to FEMA remapping.
ASI-approved H.R. 3584, which would allow privately-insured credit unions to join a FHLB, passes House committee markup.
Bill introduced Thursday by Rep. Ed Royce (R-Calif.) excludes 1- to 4-family residence loans from MBL cap.
Meriwest executive observes sparse inventory is keeping members from buying homes, which means fewer new mortgages.
Chapter 11 bankruptcy by Florida mega church Without Walls International the latest hit to credit union seeking recoveries on $29 million outstanding.
WASHINGTON — The Republican from Texas also earned praise from Sen. Elizabeth Warren (D-Mass.).