Although the economy continues to pick up steam, consumers were reluctant to take on new credit for their purchases.

Loan delinquencies declined in eight of the 11 loan categories tracked by the American Bankers Association in the last quarter of 2009, the second consecutive overall quarterly improvement, the association announced today.

An independent consumer financial regulator might be less sensitive to the safety and soundness implications of potential new rules than one housed inside the Federal Reserve.

Though there aren't any conversion applications pending, past problems during certain merger past efforts triggered the draft rules that the NCUA issued on the subject last month.

People who can't make it to Washington this weekend for the Cherry Blossom Run can do the next best thing, turn on their computer and watch the action online.

Increased consumer confidence in the economy, combined with a first-time homeowners' tax credit caused an 8.2% increase in pending home sales, according to data released today by the National Association of Realtors.

Bellco Credit Union doesn't have to pay unrelated business income tax on its income from credit insurance or on royalties from accidental death and dismemberment insurance.

NAFCU President/CEO Fred Becker again urged the NCUA to "use the authorized tools at its disposal to spread out assessment expenses."