The NCUA will be able to make payments to the Temporary Corporate Credit Union Stabilization Fund without borrowing from the Treasury Department as a result of legislation passed by the House on Wednesday night.
The Senate has passed a measure which would require the Government Accountability Office to study NCUA management of the corporate credit unions and their financial crisis.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
Credit unions won a victory Thursday night when a Senate committee approved an amendment to remove a provision that would limit credit card interchange rates on government transactions.
Interchange remains the topic du jour. Many pieces of this issue are puzzling, not the least of which is the process in which it came about. Namely, there wasn't one.
The FTC just came out with disclosure regulations regarding private deposit insurance-more than two years after the financial crisis started and 20 years after the original law.
Interchange. Credit unions love it and merchants hate it. However, merchants are being more than hypocritical in suggesting credit unions and other financial institutions cap debit card interchange fees.
WASHINGTON -- For credit unions, the upcoming House-Senate conference committee on the financial regulatory overhaul is coming down largely to interchange fee regulation.
Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).
Pulling from a 2003 Government Accountability Office study, the Wisconsin Bankers Association offered what it considered evidence that most NCUA examiners do not have enough experience to effectively monitor commercial loans at credit unions.