Revolving consumer loan accounts drop overall in July but increased among CU members to $36 billion total.
Oregon CEO to help lead San Francisco-based Community Depository Institutions Advisory Council.
Open Market Committee takes no other action to stimulate the economy, but "is prepared."
The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.
Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that the economy is likely to grow at a tepid pace for the rest of 2011.
Open Market Committee keeps interest rates unchanged after Wednesday meeting.
Senate meeting this week only enough to prevent recess appointment of Warren to head of new CFPB.
Cheney says costs to big CUs "incredibly understated" in Matz letter to Bernanke.
NCUA chair tells Fed in letter that costs in proposed rule exceed maximum allowed.
To prepare for possible action in Congress on delaying the Federal Reserve’s interchange rule, credit unions redoubled their grassroots efforts on the issue during the recent recess.