CNN Tuesday explained some of the reasons why consumers feel as though they’re “getting a better shake” by choosing credit unions over banks.

“Give credit unions a chance to lend and lead,” CUNA wrote in a letter to the Washington Post editor published yesterday. In the letter, CUNA President/CEO Dan Mica urged the U.S. Congress to pass legislation to increase credit union member business lending authority.

For the first time, private share insurer American Share Insurance Corp. will charge its client credit unions a special premium assessment of 15 basis points, citing some losses at a few member credit unions.

As CUNA reminded credit unions in yesterday’s News Now, the changes to the U.S. Department of Housing and Urban Development’s implementing rules for the Real Estate Settlement Procedures Act (RESPA) go into effect Friday. “CUNA would like to clarify compliance requirements regarding home equity lines of credit that have not changed in RESPA,” said Kathy Thompson, CUNA’s senior vice president for compliance.

March 1 is the due date for comments on recently proposed changes to the National Credit Union Administration’s chartering and field-of-membership rules, according to the Tuesday issue of the Federal Register.

Sunday’s Home & Family Finance Radio program describes how to convert to a Roth IRA, what to tell kids about privacy and fraud, steps to trim holiday debt, and small moves that add up to big financial changes.

Prospera CU, based in Appleton, Wis., has told a local newspaper that new credit card rules won’t impact its members that much. And the credit union won’t be charging hidden fees or penalty pricing.

CUNA’s Washington, D.C., and Madison, Wis., offices will be open Thursday, New Year’s Eve, and closed Friday, New Year’s Day, for the holiday. News Now will publish a Thursday edition, but not on Friday. It will resume its regular production on Monday, Jan. 4.

Websense Security Labs™ ThreatSeeker™ Network has detected that the Fox Sports site has been compromised and injected with malicious code. Fox Sports is a division of the Fox Broadcasting Company. It specializes in the latest sports news and world sports updates. Fox Sports has an Alexa ranking of 330.

Our research shows that the site has been injected with two pieces of malicious code. One of them is the latest Gumblar campaign, and the other redirects individuals to a malicious Web site, whose link was unreachable at the time of this alert.

The ThreatSeeker Network has detected that thousands of Web sites have been compromised by the latest Gumblar campaign. The Gumblar page is highly obfuscated. After deobfuscation, the page uses PDF and Flash exploits to run malware in order to control a victim’s computer. In addition, a piece of VBScript is executed to download malware.

Screenshot of Fox Sports Web site: 

 


Screenshot of malicious injected code: 

 

Websense Messaging and Websense Web Security customers are protected against this attack.