The Obama administration put its support behind raising the cap on member business loans to as much as 27.5% assets in writing,
Reps. Debbie Wasserman Schultz (D-Fla.) and Kenny Marchant (R-Texas) are asking colleagues to sign a letter to push for the removal of Senate-passed amendment giving the Federal Reserve the power to regulate interchange fees.
HarborOne Credit Union has proved it is meeting the needs of low and middle income people, Congressman Barney Frank and chairman of the House Financial Services Committee (D-Mass.) said Friday.
House Financial Services Committee Chairman Barney Frank (D-Mass.) is scheduled to be one of the guests today at the opening of HarborOne Credit Union's HarborOne U, an education center that will offer a number of financial programs.
The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.
There's a first time for everything. Just last week, a credit union representative was called on to testify at a hearing regarding a bill for community banks-sort of. It wasn't terribly controversial, but it was a start.
WASHINGTON -- Credit unions last week received a ray of good news on their goal of raising the cap on member business loans.
WASHINGTON -- Credit unions today came a small step closer to their goal of raising the cap on member business loans.
Within two weeks of the ascension of Rep. Sander Levin (D-Mich.) to the chairmanship of the House Ways and Means Committee,
Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration,"