Credit Unions on Fire in Hot Economy

Credit unions are setting new records and outperforming banks this year as the U.S. economy remains robust, industry analysts said Thursday. Credit union growth is being fueled by record numbers of new members and current members borrowing more heavily. Members on...

Hensarling Dumps Durbin Repeal in Loss for Credit Unions

House Financial Services Chairman Jeb Hensarling (D-Texas) says he will drop the repeal of the so-called Durbin Amendment from his Dodd-Frank overhaul plan rather than jeopardize the entire bill. “I’ve said before that repeal of the Durbin amendment was...

NCUA Board Seeks Uniformity in Appeals Process

The NCUA board on Thursday agreed to issue proposed rules that would standardize the appeals process that credit unions may use if they disagree with agency actions. The proposed rules would replace provisions that are scattered throughout the regulations governing...