New York’s tenth largest credit union by assets, the $1.7 billion Melrose CU, was placed into conservatorship Friday by the New York State Department of Financial Services, which appointed the NCUA as the conservator, according to the federal agency. The state...

House Financial Services Chairman Jeb Hensarling's revised Dodd-Frank overhaul bill abandons the idea of converting the CFPB into a five-member commission - a plan consistently advocated by credit union trade groups. Instead, the plan calls for the CFPB to be governed...

Millennials are overconfident and underprepared for managing their money, according to new research from the Denver-based National Endowment for Financial Education. Only 24% of the millennial respondents (23-to-35-year-olds) showed basic financial literacy in...

Another breach at a fast-food restaurant, this time at Atlanta-based restaurant chain Arby’s, once again puts credit union cardholders at risk, in an incident reminiscent of the Wendy’s hack in 2016. According to cybersecurity expert Brian Krebs, sources...

All credit unions have to battle fraud these days, but in Spokane, Wash., a few credit unions are taking the fight to a new level — some of their employees are becoming commissioned fraud investigators with the local police department. The move — done in...

An increasing number of Americans favor increased regulation of financial institutions despite efforts by credit unions and others who contend they are over-regulated, according to a new poll. In the poll, conducted Feb. 2-6 by Quinnipiac University in Connecticut,...