As drought-stricken businesses across the country are in dire need of assistance, the Obama administration asked the regulators to find ways to provide aid. The NCUA responded by informing 1,003 credit unions of their eligibility for low-income designation and allowing them to opt-in rather than slogging through paperwork.
For fun, let’s pick apart what the Independent Community Bankers Association said about the NCUA’s move.
CU trades offer measured praise while ICBA blasts administration move as "outrageous."
Banks hoping Congress will extend the FDIC’s Transaction Guarantee Program are facing opposition from Tennessee senator.
The Supreme Court on Thursday upheld all parts of the Patient Protection and Affordable Care Act.
Trade participates in call with White House about three bills that would address mortgage modifications and refinancing.
The $144 million Hope Federal Credit Union will share how it evolved from a small church project to provide an alternative to predatory lenders to an institution with 16 branches in four states.
Despite a raging battle over member business lending, credit union and bank trade associations agree on four House bills that address cyber security.
Under the guise of deficit reduction, Republicans on the House Financial Services Committee have voted to roll back four provisions of the Dodd-Frank Act.
Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.