Biz Kid$, a credit union-funded public television series that teaches kids about money management and entrepreneurship, has won a national Emmy Award, television's highest honor. The award for Outstanding Achievement in Single Camera Editing was presented Friday to Biz Kid$ in Los Angeles.

The threat level of credit unions of tax reform--raised by the release June 13 of a "tax options" paper by the Senate Finance Committee--is explored in the latest episode of "Inside Exchange," CUNA's video series of key legislative, regulatory and political topics.

Richard Cordray, who heads the Consumer Financial Protection Bureau, said in a letter to lawmakers Wednesday that his agency is "sensitive" to issues revolving around its proposed rule integrating mortgage disclosures required under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z).

Freddie Mac's decision to impose fees on mortgage sellers and servicers that do not meet minimum activity thresholds "could hamper the ability of credit unions to serve their members in the mortgage marketplace," CUNA President/CEO Bill Cheney wrote in a letter to Freddie Mac CEO Donald Layton.

The financial turnaround of Arrowhead Central CU, a San Bernardino, Calif.-based credit union that the National Credit Union Administration put into conservatorship in 2010 and whose conservatorship ended in May, is both "surprising" and "inspiring," said NCUA Chairman Debbie Matz in the June NCUA Report.

James Marshall joined The Cooperative Trust as its leader, the Trust and Filene Research Institute announced Thursday.

The Federal Reserve could begin tapering off its bond-purchasing program later this year, said Fed Chairman Ben Bernanke Wednesday after the Federal Open Market Committee meeting. That set off a flurry of bond buying after the meeting. But for now, the Fed's monetary policymakers are holding steady on any action and keeping their near-zero targeted federal funds interest rate.