Regulatory & Compliance

WASHINGTON -- Ten years ago today, credit unions scored a major victory in Congress.

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services has formally joined in the Electronic Payments Coalition in the fight against the legislation which would sharply impact card interchange rates.

WASHINGTON -- CU pioneer Chip Filson is organizing a new initiative on alternative capital for credit unions.

WASHINGTON -- The continuing woes of the housing industry again took their toll on mortgage buyer Freddie Mac as it today reported that during the second quarter revenues fell 28% and the enterprise lost $821 million.

WASHINGTON -- Port Trust Federal Credit Union was declared insolvent and ordered closed by NCUA on Tuesday.

WASHINGTON -- With little fanfare in the privacy of the Oval Office away from television cameras, President Bush today signed the housing relief bill passed by Congress last week.

WASHINGTON -- Decreased revenues because of a slowing economy, coupled with increased payments from the stimulus payments to taxpayers and the cost of the Iraq war, will result in a record federal deficit of $482 billlion, the Bush administration said today.

WASHINGTON -- After months of partisan wrangling that included some key disagreements between Congress and the White House, the Senate is scheduled to vote tomorrow on the housing relief bill.