In the largest multistate agreement since the tobacco settlement of 1998, the Obama administration, along with 49 state attorney generals, announced a $25 billion settlement with five of the nations largest banks. In addition to instances of wrongful foreclosure and fraud, the governments investigations found that banks routinely violated the...

Given the volatile nature of the recent economic crisis, it was inevitable that pressure would build on regulators to respond to the crisis with additional regulations. Certainly some of these new regulations were promulgated in response to poor practices that exposed gaps in regulation. If credit unions are feeling overwhelmed...

To meet the insurance needs of its members, Hanscom Federal Credit Union has opened its own insurance agency.

Consumer backlash against bank fees, coupled with poor service and unmet customer expectations, has fueled increases in defection rates among customers of large, regional and midsize banks, according to the J.D. Power and Associates 2012 U.S. Bank Customer Switching and Acquisition Study.

San Jose Credit Union turned 80 years old this month and will celebrate the anniversary by giving away 80 prizes.

The American Institute of Certified Public Accountants has introduced several reforms to its auditing standards and created another layer of confusion for credit unions that outsource to service providers.

CUNA and NAFCU have been petitioning Congress to add language expanding credit union ability to offer member business loans to two jobs bills that are making their way through the legislative process.

In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.