Department of the Treasury

  • Coastal FCU Goes with New Fraud Management Vendor

    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.

  • Republicans Unveil Fannie and Freddie Reform Package

    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.

  • Sen. Udall's Business Lending Bill Lives to Fight On

    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.

  • Rantoul, Ill., Gains Accidental CDCU

    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.

  • The Auto Chronicles

    Among the federal government’s most controversial actions during the Great Recession was the rescue of the automobile industry.

  • Consumer Bureau Will Soon Flex Its Muscles

    The new Bureau of Consumer Financial Protection–which will be the driving force behind the writing and enforcement of a myriad of consumer regulations–isn’t scheduled to begin operating until July.

  • FinCEN Issues Annual Report

    Reaching out to credit unions and other community financial institutions is among 2011’s goals, according to the Financial Crimes Enforcement Network’s just-released 2010 annual report.

  • Federation Eyes Bond Program

    The National Federation of Community Development Credit Unions is investigating whether and how it could use a federal bond program to help CDCUs boost their secondary capital by possibly millions of dollars.

  • Rural CDCU Puts CDCI Money Into Auto Loans

    Community Plus Federal Credit Union, Rantoul, Ill., has used the money it received under the Community Development Capital Initiative program to increase its auto lending.

  • Federation Exploring Possible $100 Million in Capital for CDCUs

    The National Federation of Community Development Credit Unions is investigating whether and how it could use a federal bond program to help CDCUs boost their secondary capital by possibly millions of dollars.

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