WASHINGTON — Two credit union witnesses voiced disagreements over the impact the Dodd-Frank Act has had on their credit unions when they testified July 19 before the House Financial Services Subcommittee on Oversight and Investigations.
Four years ago, our nation was thrown into the deepest economic morass since the Great Depression. No question, the situation was dire. People lost their jobs and their homes. Banks and companies closed. Government officials scrambled to help bolster our fragile economy.
Under the guise of deficit reduction, Republicans on the House Financial Services Committee have voted to roll back four provisions of the Dodd-Frank Act.
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.
Credit unions have a lot to feel good about, and this time of year makes it easier to recognize even when times are tough in general. Credit unions are beginning to distribute member dividends and new membership signups are rolling in at a pace credit unions have not experienced in...
Wall Street reform may the Dodd-Frank Act's intent, but financial institutions that followed the rules and operated with the best interests of their customers in mind end up shouldering a new burden because of a bunch of bad actors who didn’t.
The House Appropriations Committee today is considering a spending bill that would cut the NCUA’s Community Development Revolving Loan Fund by 75% and 19% from the Treasury Department’s Community Development Financial Institutions Fund.
The current landscape of business deposits may change when a Federal Reserve Act section is repealed in July.
Pen Air FCU is adding to its rewards programs instead of taking away, bucking the current trend.
Credit union boards and not federal regulators should be responsible for determining compensation caps for their executives. The Dodd-Frank legislation says otherwise.