A U.S. Treasury program that placed some money from the Troubled Asset Relief Program with community development banks and credit unions received a mixed grade from the Government Accountability Office.
Credit unions that took TARP funds aren't performing as well as those that didn't.
The credit unions didn't file required reports with the U.S. Treasury.
One young CEO says he first heard about the problem from CU Times.
The SIGTARP quarterly report names six credit unions that never reported how the taxpayer funds were used.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
Reaction from around the industry has been highly mixed. In general, a great diversity of thinking exists across the industry as to what’s important and relevant. That’s good. In formulating your own opinions, there are several pieces to consider.
The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired.
An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.
A bill that would provide oversight of the new $30 billion Small Business Lending Fund, including putting an inspector general in charge, has been introduced.