Credit unions

Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats over the timing of government lawsuits, but some experts believe the industry may still have a shot in the Supreme Court.

As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.

An NCUA proposal to make credit unions more competitive commercial lenders is drawing fire from community bankers, who say it invites risky underwriting, unfair competition and a repeat of the thrift crisis.

Lawmakers included a measure that will impose new mortgage reporting requirements on banks and servicers as part of a short-term highway funding bill passed this week by both chambers of Congress.

Fourth Corner Credit Union, chartered last year to serve Colorado's legal marijuana industry, has filed lawsuits against the National Credit Union Administration and the Federal Reserve after having its applications rejected for share deposit insurance and access to the Fed system, respectively.

Two Florida men with connections to a $200,000-asset New Jersey credit union are being investigated by the FBI for running an unlicensed Bitcoin exchange for the purposes of money laundering.

NCUA's Larry Fazio offers glimpse at how the agency's Temporary Corporate CU Stabilization Fund has performed.

Jane G. Watkins, president and chief executive officer of Virginia Credit Union, a $2.7-billion institution based in North Chesterfield, Va., said she plans to retire on March 31, 2016, after serving 33 years in various capacities.

The merger of Missouri Corporate CU and Kansas Corporate CU continues the trend of consolidation among corporate credit unions and leagues.

In the wake of a report that the Financial Crimes Enforcement Network has identified more than 50 credit unions at risk of serving as a conduit for money laundering activities, the CU trades and regulators alike were scrambling to respond to what the NCUA suggested could be a "regulatory blind spot."

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.

ALEXANDRIA, Va. — NCUA's Temporary Corporate Credit Union Stabilization Fund continues to improve, and if the current trend holds, credit unions can expect a nice payout — but not for another six years.