WASHINGTON -- Applications for refinancing mortgages increased 67% over the last three months, compared with the previous period, according an NAFCU Flash survey released today.

WASHINGTON -- Encouraging credit unions to make special provisions to expedite the loan-approval process and liberalize the terms of some of those loans are parts of the disaster-relief policy activated by NCUA in response to the storms and tornadoes in Iowa and Indiana.

WASHINGTON --Finalizing a request for input on changing the rules regarding member business loans is the sole public discussion item on the agenda for next Thursday's NCUA board meeting.

WASHINGTON -- Consolidating some of the financial regulatory functions under the Treasury Department would decrease state input into the policymaking process and circumvent the intent of Congress, NASCUS and two other organizations representing state financial regulators wrote President Bush.

WASHINGTON -- The House Financial Services Committee will hold a series of hearings on regulation of the financial services industry and of financial markets, Chairman Barney Frank (D-Mass.) announced today.

WASHINGTON -- The House Financial Services Committee will hold a series of hearings on regulation of the financial services industry and of financial markets, Chairman Barney Frank (D-Mass.) announced today.

WASHINGTON -- Former Fannie Mae Chairman James Johnson, who ran the three-member committee helping Sen. Barack Obama select a running a mate, resigned today after were questions were raised about his ties to one of the largest subprime lenders.

WASHINGTON -- Despite an independent expenditure--which included sending out six different mailers--the candidate backed by CUNA's political action committee, businessman Adam Cote lost the primary for a U.S. House seat in Maine's 1st District.