Udall takes Senate floor on MBLs
Sen. Mark Udall (D-Colo.) on Wednesday again promoted legislation that would lift the current 12.25% cap on credit union member business lending ahead of a potential Senate vote on small business legislation.

House committee approves Internet gambling legalization
H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, will move on to the full house after the House Financial Services Committee approved the legislation by a 41 to 21 vote margin on Wednesday.

New interchange issue creeps into subcommittee appropriations bill
Sen. Susan Collins (R-Maine) today may offer an amendment to an appropriations bill with an interchange provision in an effort to mitigate the impact of the provision on credit unions and community banks.

NCUA today: Truth in Savings, operating budget on agenda
The National Credit Union Administration later today is expected to approve an interim final rule addressing the Truth in Savings Act.

CO-OP monitoring bill's impact on debit exclusivity
CO-OP Financial Services, which operates the CO-OP Network for credit unions, said it is actively monitoring a clause included in the regulatory reform bill that could affect debit exclusivity.

SAFE Act rules effective Oct. 1
The National Credit Union Administration and the other federal financial regulators have released the final rule implementing the Secure and Fair Enforcement (SAFE) for Mortgage Licensing Act and it is effective Oct. 1.

CUs in <i>HuffPo</i>, <i>Black Enterprise</i>, <i>Consumer Reports</i>
Credit unions can benefit college students, consumers seeking credit cards, and kids looking to learn financial lessons, according to articles in the <I>Huffington Post</I>, <I>Consumer Reports</I> and <I>Black Enterprise</I> magazine, respectively.

FBI reports breakthrough in infamous botnet case
Slovenian police have questioned a 23-year-old man suspected of creating the Maripos Botnet--a network of remote-controlled compromised computers that stole passwords for websites and financial institutions, captured credit card and bank account information, launched denial of service attacks and spread viruses to nearly 12 million computers in 190 countries.