An inspector general would have oversight of the new $30 billion Small Business Lending Fund if a bill with that proposal becomes law.
Credit unions are on alert about the fate of their tax-exempt status as a result of President Obama’s speech outlining his deficit reduction strategy.
Aithent Inc. of New York City said the $2 billion Coastal Federal Credit Union in Raleigh, N.C., has committed to investigation management solution.
President Obama's new deficit-reduction package could include killing the credit union tax exemption.
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.
The $2 billion Coastal Federal Credit Union in Raleigh, N.C., has committed to using an automated investigation management solution from Aithent Inc. of New York City.
Members of the House Financial Services Committee today unveiled a series of bills that would eventually wind down mortgage buyers Fannie Mae and Freddie Mac.
Here we go again. Saying that it would “expand the options for small businesses at no expense to taxpayers,” Sen. Mark Udall (D-Colo.) last week reintroduced a measure to raise the cap on member business lending from 12.25% of assets to as much as 27.5% of assets.
Changing economic circumstances among its members have led yet another mainstream credit union to the realization that it has effectively become a community development credit union.
Among the federal government’s most controversial actions during the Great Recession was the rescue of the automobile industry.