The Massachusetts Democrat sent Sallie Mae President/CEO Jack Remondi a letter that compared the lender’s use of FHLB funds to how big banks benefitted from TARP funds.
Sallie Mae chief responds to criticism earlier this week from Sen. Elizabeth Warren (D-Mass.)
Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.
Some dustups have taken place or are in the works that are affecting credit unions. It’s enough to clog your pores, so I’m going to just clean that up a little bit with an apricot scrub. (I’ll apply a light cleanser to that mixed metaphor while I’m at it.)
Purchase would mark fourth credit union takeover of bank in past year and a half.
The bond price bubble will eventually pop as rates rise, creating potential for the next crisis: a one-two punch of deposit withdrawals and negative spreads as hundreds of credit unions fall short of the earnings needed to compete on deposit rates.
Former NCUA Board member said he can see why and why not make the FHLBs an option.
ALEXANDRIA, Va. — The NCUA’s proposed liquidity rule announced Tuesday did not include the FHLB as an emergency liquidity option.
A bill that would allow privately insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.