Total Community CU CEO Phillip Matous, looking to make a point on what he calls the "ridiculousness of the size of the regulations" credit unions have to deal with, mailed off copies of large CFPB documents to four Michigan legislators.

With the six "Listening Sessions" held by NCUA Chairman Debbie Matz around the country now concluded, NAFCU is urging the agency to take actions based on issues raised during those sessions.

The five largest mortgage servicers are eager to modify loans and offer principal reductions to distressed homeowners to comply with the terms of the national mortgage settlement, but say many of those same homeowners are ignoring their solicitations.

A gun-wielding man involved in a domestic dispute outside a branch of Washington State Employees CU was shot by police and is in critical condition today in a local hospital.

NCUA has approved the first federal credit union charter of 2012 for Internet Archive FCU. Internet Archive has a low-income designation and will be based in New Brunswick, N.J.

Unlike other credit sectors, student lending delinquencies and write-offs have increased significantly over the past 12 months, according to Equifax's latest "National Consumer Credit Trends Report."

Delinquency rates across home, auto and credit card finance accounts have demonstrated double-digit percentage declines from July 2011-2012, although student lending continues to lag far behind, according to Equifax.

LANSING, Mich. – A member of Wexford Community CU has won a $700 prize as part of a Facebook contest aimed at building awareness of credit unions across the state of Michigan.

MIDDLETOWN, R.I. – The $381-million People’s Credit Union has selected COCC to provide it with a new core solution.

SEATTLE – Roughly 400,000 fewer U.S. homeowners saw their mortgage fall into underwater status in the second quarter, according to new figures compiled by Zillow through its “Negative Equity Report.”

WASHINGTON – Fannie Mae is tightening its underwriting standards on adjustable rate mortgages, which accounted for just 4% of the GSE’s total loan purchases in the second quarter.

WESTLAKE VILLAGE, Calif. – Credit cardholders are increasingly satisfied with their plastic.

SPRINGFIELD, Mo. – CU Community Credit Union here has received a $30,000 grant from the Federal Home Loan Bank of Des Moines’ Urban First-time Homebuyer Fund – and the credit union said it will distribute $3,000 to 10 eligible homebuyers to help them make down payments on a home.

SAN JOSE, Calif. – PayPal will soon extend its reach through Discover's network – enabling direct acceptance of its mobile wallet at more than seven-million American merchants.

WASHINGTON – CUNA is finalizing its preparations for its participation in the upcoming Republican and Democratic National Conventions, even as the Republicans are making their own preparations should Hurricane Isaac affect their meeting scheduled for Tampa, Fla.

LAUREL, Md. – Tower FCU here reported it has now processed more than $70 million in mortgage refinancings as part of the government’s Home Affordable Refinance Program (HARP).

MONTPELIER, Vt. – A formal hearing is now scheduled for Oct. 24 between Vermont State Employees CU and the state’s Department of Financial Regulation over the use of the words “bank” and “banking” by the credit union.

MADISON, Wis. – Rick Craig, president/CEO of America First Credit Union in Ogden, Utah, has been named winner of the 2013 Herb Wegner Memorial Award for Lifetime Achievement by the National Credit Union Foundation.

NEW YORK – The latest report from the Conference Board shows its leading economic indicators increased 0.4% during July, slightly above the 0.3% forecast but similar to June and May, after each experienced downward revisions.

RALEIGH, N.C. – Coastal Federal Credit Union has introduced a Visa product it has dubbed the “Big Ticket Card” that offers six months interest-free financing on all individual purchases or balance transfers of $600 or more.