Credit unions received a double dose of good news on the Community Reinvestment Act front today.
American credit unions aren't subject to international capital requirements, but changes to these requirements could prompt the U.S. government to allow supplemental capital.
The Federal Reserve Board has reached out to credit union trade associations as part of its first steps toward crafting a cap on debit card interchange.
Sarah Snell Cooke's Editor's Colum Aug. 5 noting the importance of providing credit union access to capital a top legislative item for 2011 could not have been timelier.
What if the opposition party gains control of parts of government?
Credit unions won a victory today when the House Financial Services Committee approved a legislation that would legalize internet gambling.
NAFCU has told the House Financial Services Committee that it supports HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act.
The Independent Community Bankers of America had the right idea with regard to interchange regulation. I'll probably have to run for cover at the CUNA/WOCCU 1 Conference this week for stating that, but it's true.
LAS VEGAS -- If Colorado Senator Mark Udall's amendment to raise the regulatory credit union business lending cap to 27.5% is successful, it will create 108,000 new jobs in the first year.
Death and taxes kept the effort to reform the nation's financial industry regulations from passage last week as the unexpected exit of the longest serving U.S. senator confused and delayed the bill's supporters.