There are five steps credit unions can take to offset the regulatory pressures affecting fee income in two areas, according to a pair of analysts.

The American Bankers Association last week sent letters to President Obama and members of Congress calling for "the tax status of the credit union industry (to) be reviewed."

Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.

The Consumer Financial Protection Bureau is breaking up its searchable, online consumer complaint database by state-allowing onlookers to better drill down into the data.

The banking industry earned a record $40.3 billion in the first quarter as rising noninterest income and the continued drop in loss provisions made up for declines in interest-related income, according to the Federal Deposit Insurance Corp.

As the world's largest online search firm started releasing its wearable computing product Google Glass to privileged developers and early adopters, it had a message for financial institutions and other would-be commercial users: You will be prohibited from distracting users with ads.

Ever since the FFIEC released its social media guidance for financial institutions in January, executives have been concerned about several requirements, such as the difficulty of monitoring employees' social media activities and the challenge of calculating an ROI for social media.

Credit Union Journal is now calling for nominations and entries for its 2013 Best Practices Awards.

There is no quick fix when it comes to reducing expenses at credit unions, but "significant and sustainable" cost reductions can be realized through many small steps, according to one analyst.

There are many opportunities for CUs to cut expenses, from improving project management to greater efficiencies, according to Bob Parks.

Yet more regulatory fallout from the recession is a proposed rule from NCUA relating to liquidity risk-which two experts said is all about a credit union having enough "levers" to pull during a crisis.

A liquidity policy is different from a contingency funding plan, and should be part of every credit union's overall strategic planning, according to John Myers.

The new head of the Cooperative Trust says that the program to develop young leadership within the CU movement will see some changes now that he's aboard.

A new state credit union association will begin operating effective July 1.

New York Legislature OKs New Hybrid Charters

Membership Growth Remains Robust

Credit unions that wait too long to convert members' mag-stripe plastic cards to the new EMV standard could find their payments cards hot sellers on the black market, several analysts are warning.

Reducing fraud losses and meeting the major card issuers' liability shift deadlines are primary reasons CUs and community banks are preparing for EMV, according to a new survey from the Members Group.

The primary person charged with holding NCUA "accountable" for the past eight years has retired. William DeSarno, who has served as the agency's inspector general, has overseen numerous reviews of NCUA's internal operations during his total 16 years at NCUA.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage. Wells, the largest home mortgage lender, is sending new solicitations for its Home Rebate Card, which it introduced in 2007 just before the housing market collapsed.