WASHINGTON – Credit unions on Tuesday were exploring whether to sign on to a suit filed by Twin Cities bank TCF Financial challenging the constitutionality of the new interchange amendment that may cap fees on debit card transactions.

ATLANTA – NCUA Board Member Gigi Hyland is imploring credit unions to comment on several proposed amendments to its new corporate rule, which will be issued next month.

LOS ANGELES – Lawyers representing eight current CEOs of the nation’s biggest credit unions are currently negotiating with NCUA to settle claims related to their service on the board of WesCorp FCU that would allow them to continue operating their credit unions, according to sources involved in the talks.

WALL STREET – The Securities and Exchange Commission has cleared the sale of NCUA-backed bonds comprised of legacy assets from corporate credit unions, expected to take place as soon as tomorrow.

SAN FRANCISCO – In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking.

PHOENIX – Arizona State CU has awarded $34,000 in college scholarships and student loan forgiveness grants to 17 students and recent college graduates from around the state.

WARMINISTER, Penn. – Freedom CU said it has signed with Intuit Financial Services to offer the company’s FinanceWorks online financial management system to its members.

SAGINAW, Mich. – Team One CU will become the first credit union to offer Card Services for Credit Unions’ mobile banking product.

RACINE, Wis. – Educators CU has acquired a former M&I Bank property in New Berlin and will move a credit union branch there.

ELGIN, Ill. – Corporate America Family CU has implemented Business Writing training to its existing contract with Edcomm Banker’s Academy.

MIDDLETOWN, Ohio – MidUSA CU said it is switching its debit cards from Visa to MasterCard.

MINNEAPOLIS – The former internet services manager for Postal CU was charged last week with embezzling $388,000.

NEW YORK – A Nigerian national who headed a multi-national identity theft and fraud operation, which involved stealing money from home equity lines of credit accounts from credit union and banks, on Friday was sentenced to 69 months in prison.

SEWICKLEY, Penn. – Members lined up Friday for PA HealthCare CU’s “Perfect 10” CDs, celebrating 10-10-10 $1,010, 10-week CD paying 10% APR.

BOSTON – In a year where few Democrats appear safe, former President Bill Clinton flew in over the weekend to make campaign visits on behalf of House Financial Services Chairman Barney Frank, a 15-term Democrat who hasn’t had a close race in years.

WILKES BARRE, Penn. – The National Association of REALTORS, one of the beneficiaries of the controversial financial reform bill, have poured more than $1.1 million of unsolicited campaign contributions into the campaign for Congressman Paul Kanjorski over the last week, far more than the 13-term Democrat has spent on his own race through the first 18 months of the campaign, as he fights to fend off a tough fight against Republican Lou Bartletta a third time.

John Annaloro, president of the Washington CU League, said rules NCUA has in place for the National Credit Union Share Insurance Fund helped contribute to losses.

In a new assault on credit unions, community bankers called on Treasury Secretary Timothy Geithner last week to begin a review of the credit union tax exemption.

MCCLEAN, Va.-If hybrid vehicle price performance is any indication, the value of electric cars could take big swings in the coming years.

SAN ANTONIO-CUNA President Bill Cheney said the trade group will make a priority out of secondary capital in 2011. Cheney offered that preview before NASCUS' annual meeting; secondary capital has long been an objective of the trade group representing state regulators.