Ed Roberts

A federal judge has agreed to dismiss a suit by MShift Inc. alleging that Intuit Inc.'s financial services business, formerly Digital Insight Corp., infringes on its mobile banking patent.

In a ruling that will affect hundreds of credit unions, a federal judge agreed to dismiss a suit by MShift claiming that Intuit is infringing on its patent for mobile banking.

A licensed real estate broker who appraised loans for Staley Credit Union in Decatur, Ill., was convicted Friday of providing phony appraisals on 40 real estate loans, which may cost the lender $1 million in losses.

The National Credit Union Administration took under conservatorship three more troubled corporate credit unions Friday as part of is effort to shed the corporate system of toxic assets.

ALEXANDRIA, Va. — NCUA said it took under conservatorship three more troubled corporate credit unions this afternoon as part of is effort to shed the corporate system of toxic assets.

The NCUA Board's new corporate credit union rules will bar corporates from investing in a variety of risky investments.

USA Federal Credit Union, a small credit union chartered to serve Navy personnel in the San Diego area, said Monday it will be bought by Navy Federal Credit Union, one of several bidders for the ailing institution.

An inventor claiming to hold a patent on nonfinancial functions delivered through automated teller machines is stepping up his legal dispute with Cardtronics Inc.

San Antonio Federal Credit Union in Texas has acquired Mountainside Financial, a broker for mobile and manufactured home lending.

A Senate subcommittee Tuesday endorsed a bill that would cap interchange fees charged to federal government entities for taxes and other services at the lowest market rate, continuing efforts to lower interchange fees charged by banks and credit unions.

An advertisement in the Washington newspaper Roll Call is attacking credit unions in a manner reminiscent of an ad run years ago by banks — but this time the bankers are on the same side.

MidFlorida Credit Union, one of the state's healthiest big credit unions, has agreed to acquire the troubled Bay Gulf Federal Credit Union in the latest in a series of large credit union mergers shaking up the market in the Sunshine State.

Losses at corporate credit unions continue to pile up at an accelerated pace, raising doubts about their ability to continue as "going concerns."

The National Credit Union Administration announced Thursday that it has added eight credit unions to its troubled-institution list and set aside another $170 million to cover losses at credit unions.

The former servicing manager of U.S. Mortgage Corp. and its CU National Mortgage has pleaded guilty to conspiring to defraud credit unions and Fannie Mae in a $140 million scandal.

Jack Henry & Associates Inc. said its fiscal third-quarter net income surged 28%, to $31.6 million from a year earlier.

WASHINGTON — Billions of dollars of losses accruing among corporate credit unions, a network of bankers' banks that aggregate the savings of tens of millions of credit union members, are being passed down the three-tiered credit union system to the bottom — the nation's 7,800 regular credit unions.

Credit unions may be hard-pressed to fend off new efforts to bring them under the Community Reinvestment Act, in light of another study questioning their commitment to serving the underserved.