This preview from next week's print edition looks at what credit union lobbyists win, or don't win, on Capitol Hill.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
CUNA economist on panel of industry experts selected by Rep. Maxine Waters (D-Calif.) to discuss finance reform legislation.
CUNA Chief Economist Bill Hampel will be among panelists at a congressional discussion on plans to reform the secondary mortgage market.
The Financial Accounting Standards Board is getting an earful from credit unions and trade associations. Even NCUA Chairman Debbie Matz, like others, is concerned about the accounting board’s exposure draft that would require financial institutions to base loan-loss allocations on expected losses, rather than incurred losses. In addition to requiring...
Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
Small bankers trade kicks off Community Banking Month; CUNA counters that everything credits union do is "local."
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Community bankers trade group lists annual priorities: Killing CU tax break higher on list than protecting its own.