Credit card issuers would have to immediately stop raising interest rates on existing balances under the provisions of a bill introduced today by Senate Banking Committee Chairman Christopher Dodd (D-Ct.).

Federal Reserve Chairman Ben Bernanke said today that even though the economy has started to improve, that doesn't lessen the need for comprehensive regulatory reform, especially with regard to large financial institutions.

Sales of existing homes grew by 9.4% in September, and 9.1% higher than in September 2008 the National Association of Realtors reported today.

Embattled Senate Banking Committee Chairman Christopher Dodd (D-Ct.), whose low approval ratings make him one of the most vulnerable Democrats seeking re-election next year, gets help from President Obama tonight.

On a mostly party line vote, the House Financial Services Committee approved a measure to create a new agency to regulate consumer financial products and CUNA and NAFCU expressed concern about the bill.

Credit card issuers with fewer than 2 million credit cards in circulation-including most credit unions-won't have to comply with the CARD Act earlier than planned, as a result of an amendment approved by the House Financial Services Committee.

As a result of the sluggish economy, 5.13% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 326 credit unions with such ratings, NCUA CFO Mary Ann Woodson told the NCUA Board today.

On a voice vote following minimal debate, the House last Tuesday approved a measure