In a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and copied to all members of the Senate, the American Bankers Association and Independent Community Bankers of America said current member business lending limits “are entirely appropriate given the significant risk and potential losses that would be...
Lobbyist claims few credit unions want MBL cap increase.
Credit union senior managers warn against expanded lending authority, says credit unions and regulators "both unprepared."
ICBA, ABA letter restates opposition to S. 2231, says "silent majorit"' of credit unions oppose raising MBL cap and again calling it a "power grab."
Reaction to settlement of longstanding credit card anti-trust suit.
Takeover attempts triple since 2009 among 100 financial services firms surveyed but stolen funds decreased.
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ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
NAFCU, ABA react to FHFA director comments about considering principal forgiveness for some underwater loans at Fannie Mae and Freddie Mac.