Like Noah’s ark, the Senate Banking Committee often considers nominees in pairs.
With NCUA deadlines nearing on recapitalizing the corporates, the jockeying among credit unions and corporates about the shape of provider services focused on the Mountain States last week with at least two state trade groups paying attention to the fate of the $1.9 billion SunCorp.
The interchange cap, loan demand, compliance burdens and corporate pricing are all figuring in the early discussion of those newly named Federal Reserve panels composed of bank and credit union CEOs.
Even with ongoing fallout, the shock of the corporate crisis may at last be wearing off, shedding a more positive light on some of the surviving corporates, according to Charles Emmer, the president/CEO of Ent Federal Credit Union.
Though the economy is recovering and the labor market is improving, the economy is still hurt by high unemployment and modest income growth.
The Federal Reserve today announced it was keeping interest rates unchanged.
While noting that "economic activity has continued to strengthen and that the labor market is stabilizing" but expressing concern about high unemployment and tight credit, the Federal Reserve today announced it was keeping interest rates unchanged.