Home prices fell 2.1% from the fourth quarter of last year to the first quarter of 2010, and average mortgage rates are at their lowest of the year, according to data released by Freddie Mac.

The nation's Gross Domestic Product increased to an annual rate of 3% during the first three months of 2010, that's less than the 3.2% original estimate, the Commerce Department reported today.

The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.

Saying he is "not confident we can win this but that doesn't mean we shouldn't do our best," CUNA President/CEO Dan Mica encouraged credit union members to come to Washington to lobby to remove an amendment on interchange fees.

In another sign that consumer wallets are continuing to open, they were more willing to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

WASHINGTON -- If credit unions hope to kill the provisions to further regulate interchange fees in the financial regulation bill they will have to do it with the administration sitting on the sidelines.

ALEXANDRIA, Va. -- There is a good chance that the reserves set aside for losses in the NCUSIF "won't be sufficient," to cover the losses at some of the large credit unions.

WASHINGTON -- Credit unions last week received a ray of good news on their goal of raising the cap on member business loans.