The primary cause of the failure of Center Valley FCU was the embezzlement of millions of dollars by the former CEO to fund her family's restaurant and the purchase of luxury vehicles.

Consumers continue to feel more confident but are still weary.

The Senate could vote again as early as today to attempt to begin consideration of a regulatory overhaul bill.

An alternative plan for regulatory reform to be unveiled by Senate Republicans would create a consumer protection council, which wouldn't be empowered to be the main examiner of credit unions on consumer issues.

Following a quarter in which St. Paul Croatian FCU reported a substantial decline in the value of its real estate and secured loans, the NCUA on Friday placed it into conservatorship.

The Senate late this afternoon is scheduled to hold a procedural vote on whether to begin consideration of a regulatory restructuring bill, though there hasn't been an agreement on what the measure will look like.

Chartway Federal Credit Union Vice President of Operations John Blum is scheduled to testify Wednesday in opposition to legislation that would place additional restrictions on interchange fees.

CUNA and NAFCU wrote lawmakers this week that the language in the financial overhaul bill that would limit the Federal Home Loan Bank Board to a 25% concentration limit would limit their ability to meet their obligations to their members.