ALEXANDRIA, Va. -- The NCUA Board has approved an interim rule change which eliminates the concept of a "qualifying beneficiary" of a revocable trust account so coverage can be based on the naming of any beneficiary.

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

WASHINGTON -- Wasting no time after final congressional action, President Bush signed the bill passed by the House today aimed at providing relief to the nation's troubled financial system.

WASHINGTON -- NCUA Chairman Michael E. Fryzel said the House bill passed today on illiquid asset purchases and deposit insurance will strengthen his agency's ability to regulate during the current economic downturn.

WASHINGTON -- In a dramatic reversal of its vote four days ago, the House today approved 263-171 a bill to create a $700 billion fund to purchase illiquid assets from credit unions and other financial institutions and temporarily raise the amount of deposit insured by the federal government.

WASHINGTON -- In a dramatic reversal of its vote four days ago, the House today approved 263-171 a bill to create a $700 billion fund to purchase illiquid assets from credit unions and other financial institutions and temporarily raise the amount of deposit insured by the federal government.

WASHINGTON -- Credit unions should not question the safety of bank deposits in an effort to gain more members, NCUA Chairman Michael E. Fryzel wrote in a letter to the leaders of federal credit unions.

WASHINGTON -- In another consolidation among the nation's largest banks, Wells Fargo & Co. bought Wachovia Corp. for $15.4 billion, the financial institutions announced today.