PIERRE, S.D. – The South Dakota Supreme Court remanded a suit against CUNA Mutual Group and Black Hills FCU regarding credit life disability back to a lower court and said the case can be handled as a class action.

MISSOULA, Mont. – Missoula FCU announced the hiring of Jack Lawson, chief operating officer at Self-Help FCU in California, as president and CEO of the $400 million credit union.

NCUA's Larry Fazio discusses the Corporate Stabilization Fund, NCUA Guaranteed Notes and the future of corporate CU assessments.

WASHINGTON – CUNA reported today it paid Bill Cheney, its president and CEO, almost $1.3 million in total compensation in 2012, an increase of 18% from 2011.

NEW YORK – NCUA has opposing a proposed bankruptcy reorganization for Ally Financial, General Motors’ one-time subprime lender known as Residential Capital, saying the plan does not offer enough compensation for the $600 million of claims the agency has for ResCap’s sale of more than $600 million of mortgage-backed securities to U.S. Central FCU and WesCorp FCU.

ROANOKE, Va. – The Opportunity Finance Network announced this morning that Freedom First FCU is the winner of a $100,000 NEXT Seed Capital Award to introduce the American Dreamer Loan, which will provide Roanoke-based immigrants financing they need to apply for citizenship, the first loan program of its kind in the area.

ELGIN, Ill. – Kane County Teachers CU announced this morning it hired Mike Lee, a senior executive at Alloya Corporate FCU, as president and CEO of the ailing privately insured $182 million credit union.

HOUSTON – First Community CU aired a new TV ad campaign with a commercial featuring All-Pro NFL linebacker Brian Cushing, who is one of its members, during the Houston Texans’ first preseason game.

SHOREVIEW, Minn. – Deluxe Corp. continues to shift away from its core check printing business with the acquisition of online marketing company VerticalResponse Inc. for $27 million.

MANHATTAN BEACH, Calif. – Kinecta FCU has signed with GrooveCar for its auto buying service that has been customized for the credit union industry.

TALLAHASSEE, Fla. – Regulators in Florida have fined payments startup Square $507,000 for operating in the state without a money transmitter license.

NEW YORK – New analysis released by the Federal Reserve Bank of New York suggests that a revival of subprime auto lending, which has spurred concern in some quarters about excessive risk, should not be a concern.

MACON, Ga. – Police are looking for a man and his vehicle after he allegedly stole an ATM from a MidSouth FCU branch early Wednesday morning.

INDIANAPOLIS – Indiana Members CU picked up a branch with the merger of $19-million Warren M.S.D. FCU.

ORANGEBURG, S.C. – A DNA match led investigators to a man they say robbed a S.C. State CU branch back in 2007 by threatening to use a bomb.

WASHINGTON – A federal judge on Wednesday admonished the Federal Reserve for what he saw as foot-dragging on new rules to set debit fees under the Durbin amendment.

ALEXANDRIA, Va. – NCUA said Rick Metsger will be sworn in and join its Board on Aug. 23 in a private ceremony on Capitol Hill with NCUA General Counsel Michael McKenna presiding.

WASHINGTON – The Federal Reserve was given a week to tell a federal judge its position on immediately rewriting Durbin amendment regulations setting debit card swipe fees in the wake of last month’s ruling that the current cap is unlawful.

DALLAS – A new group of merchants, including Delta Airlines, Emerald Foods, Callaway Golf Sales, Duke Energy, Mens’ Warehouse, MGM Resorts and Travelocity, filed suit in federal court here yesterday claiming Visa and MasterCard are violating the Sherman Antitrust Act by operating under identical rules for card acceptance.

DUBUQUE, Iowa -- Dupaco Community CU will pick up four branches with a proposed merger of Iowa Community CU, an $85 million credit union in Cedar Falls.