Gift cards sold on or after Aug. 22 must have at least five years until they expire and card issuers can't charge fees for replacing an expired certificate or card or for refunding the remaining balance.

Provisions of a regulatory reform bill aimed at increasing disclosure requirements for financial institutions and other providers of wire transfer services violate the Uniform Commercial Code and could prevent credit unions from offering those services.

Low inflation and a sluggish economy are "likely to warrant exceptionally low levels of the federal funds rate for an extended period," Federal Reserve Chairman Ben S. Bernanke told the House Banking Committee today.

Credit unions may face a long haul in building back up their mortgage portfolios if new home sales continue to fall as they did last month.

Though credit unions aren't directly involved in the health care debate, due to some parliamentary maneuvering they are likely to lose the ability to offer certain student loans.

ALEXANDRIA, Va. -- The NCUA Board issued three proposed regulations concerning board member indemnity and mutual savings bank conversions.

Credit unions sowed the seeds for future political wins by planning a rally on the National Mall while President George H.W. Bush sowed the seeds for the demise of much of his support among conservatives by reversing his pledge not to raise taxes.

WASHINGTON -- For credit unions, Senate Banking Committee Chairman Christopher Dodd's proposed regulatory overhaul is both the best of bills and the worst of bills.