News Now LiveWire
 HR 3606 (CARD Act 21-day rule fix) signed into law by president, as was the homebuyer tax credit extension 1 day ago
Scam warning: Kennedy Space Center FCU members being targeted via phony text messages by ID thieves in Florida. http://ow.ly/zWCE 1 day ago
Financial Stability Improvement Act markup, which began today, will continue after Vets. day, Hse. Fin. Svcs. Chair Barney Frank says. 1 day ago
In Mon NN: 24 SE Wisc. CUs will now have control of $71.5M in loans and lender-owned homes after Central States Mtge went into receivership. 2 days ago
Detroit Edison Credit Union and NuUnion Credit Union announce their intent to merge http://tinyurl.com/y8bslvg 2 days ago
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November 6, 2009
Community First UBIT decision backs other exemptions claims
Washington
The decision in the Community First CU v. United States case constitutes "substantial authority" for the position that the products covered in the case are not subject to unrelated business income tax for credit unions that are situated similarly to Community First, law firm Foley & Lardner LLP concluded in a recent memo to credit unions and credit union legal, tax, and accounting advisors. 
NCUA meets to discuss corporate capital issues
Washington
At a National Credit Union Administration meeting Thursday on corporate credit union issues, CUNA President/CEO Dan Mica urged the agency to allow a process that would leave the door open to future capital recoveries if the magnitude of losses at the corporate credit unions is not as great as the NCUA has estimated.
House clears CARD Act acceleration bill
Washington
The House this week passed H.R. 3639, the "Expedited CARD Reform for Consumers Act of 2009," by a 331 to 92 vote.
Homebuyers tax credit extension OK'd by House
Washington
The House on Thursday passed by a 403-12 vote legislation that would extend access to the $8,000 first-time homebuyer tax credits that were set to expire at the end of the month.
105 indicted for Florida mortgage fraud
CU/System
Roughly 105 individuals have been charged with fraudulently procuring more than $400 million in loans on more than 700 properties in Florida as a result of a nine-month Mortgage Fraud Surge investigation, announced the U.S. Attorney's Office for Middle Florida.
Biz-lending collections topic of CUNA Council paper
CU/System
A rare confluence of events is occurring in the American economic landscape that offers credit unions once-in-a-lifetime business lending opportunities, according to the CUNA Lending Council.
H&FF Radio covers financial tips for veterans
Consumer
Sunday's H&FF Radio show addresses financial topics for military families: Cutting grocery costs, the Better Business Bureau Military Line, and veterans benefits.
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