WASHINGTON — House Financial Services Committee Chairman Spencer Bachus urged credit union advocates to lobby members of Congress, especially in the Sentate, to lessen the impact of the Federal Reserve's proposal on debit interchange.
Dover Federal Credit Union, Dover, Del., hired Lynne Schwab Schaefer in January as vice president of business services. The new division will provide the Delaware business community with lending and deposit options. Schaefer brings over 20 years of diverse banking experience, most recently with WSFS Business Banking, to her new...
A few credit unions have begun to detail the impact of the Federal Reserve's proposed cap on debit card interchange, telling the agency that its proposed rule will sharply hurt their bottom lines.
When practice fields across the land filled in August with players prepping for the upcoming new school year, a lending CUSO had already hit the field with a team of its own.
By the end of 2010, the banking industry is expected to have earned $35.4 billion in overdraft fee revenue, down from $37.1 billion in 2009 and on track with 2008, according to a recent Moebs Services study.
The Senate is expected to break its impasse on a small business lending bill--which includes a $30 billion fund to encourage community bank lending--but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.
2007 was 10 years ago. I know mathematically that is not true. However, in terms of American cultural evolution 2007 was 10 years ago.
I have the privilege of helping credit unions with their business continuity planning, doing plan reviews, facilitating exercises, conducting business impact analyses, rewriting plans and educating staff and boards.
Honoring small business owners of the year, President Obama recently urged Congress to pass two major programs to increase lending to small businesses.
The number of credit union executives from across the country that turned out on Capitol Hill for the interchange battle was very impressive, especially on such short notice and when travel budgets have been practically bled dry.